Flexible Spending Accounts (FSAs)
Contact Information
Use It or Lose It
Carefully consider your FSA contribution amounts for the Plan year. You have until March 31st of the following year to submit claims. At the end of the year or grace period, you lose any money left in your account(s).
| Health Care FSA | Dependent Care FSA | |
|---|---|---|
| Eligibility | ||
| Eligible Expenses |
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| IRS Annual FSA Funding Limits | ||
| Claims Deadline | Submit claims for expenses incurred from enrollment date until March 15th of the following year | Can submit claims for expenses incurred from enrollment date until December 31st of current year |
*$3,750 if married and filing separately; check with the IRS for details.
How to Use Your FSA Funds
FSA Debit Card (Health Care Only)
You will receive a debit card which allows you to pay directly from your account at the point of service, eliminating the hassle of filing claims.
File a Claim (Health Care or Dependent Care)
Complete the applicable claim form on www.wexinc.com and submit it with itemized receipts to WEX Benefits. Reimbursement for your expenses may be paid to you via check or direct deposit.
Keep Receipts and Documentation
Keep all receipts and invoices for any expenses paid for with the FSA debit card. WEX Benefits may request you to submit documentation for review. Failure to submit requested documentation will cause the expense to be treated as a nonqualified expense. You could be required to pay taxes on that amount, and your debit card may become inactive. To learn more about claim substantiation, click here.
This Benefits Website provides general information for our benefits-eligible employees; however, more detailed information is available within the plan documents and legal contracts between our company and the insurance providers. In case of any discrepancy between this Benefits Website and the plan documents, the plan documents always govern and determine your exact benefits. In addition, the company reserves the right to modify or terminate any benefit plan at any time. Benefits are not a guarantee of employment.