Claims are normally reimbursed within a week of HSA Bank receiving the claim. » Medical Spending/Limited Purpose reimbursement requests, as well as debit card transaction documentation, can be sent electronically, by fax, or by mail to HSA Bank. » If the merchant does not accept the card, submit the expense through the HSA Bank website ( or by mail. » If the expense will be considered for insurance reimbursement, try to wait until you receive the Explanation of Benefits (EOB) from the insurance company to be sure that the debit card transaction is for the correct out-of-pocket amount. Walgreens, Albertsons, Walmart) have IIAS capability. Generally, large pharmacies, grocery stores, and box stores (i.e.: » If you use the card at an Inventory Information Approval System (IIAS) merchant, the transaction will be approved at the point of sale. The card will hold Medical Spending and/or Limited-Purpose funds. » When you enroll in the Medical Spending or Limited Purpose FSA, you will receive a debit card from Dependent Care FSA is for dependent daycare only. Funds are available three business days after payroll deduction.Unlike Medical Spending FSAs and Limited- Purpose FSAs, Dependent Care FSAs may only reimburse expenses up to the amount you have contributed to date. The Dependent Care FSA is used to reimburse you for certain expenses for children under age 13, or individuals unable to care for themselves.$2,500 if you are married and filing taxes separately.) The annual maximum contribution to a Dependent Care FSA is $5,000 (or.The entire annual amount you elect may be used at any time during the plan year and is available January 1. The maximum annual Limited-Purpose FSA election is $2,750.To comply with HSA rules, your Limited- Purpose FSA may only be used to reimburse out-of-pocket dental and vision expenses for you, your spouse, and your dependents.If you have elected to contribute to an HSA in 2022, you may also enroll in a Limited-Purpose FSA, even though both accounts may reimburse dental and vision expenses.The maximum annual Medical Spending FSA election is $2,750.Eligible expenses include deductibles, coinsurance and prescriptions.ĭental, vision and hearing expenses may also be reimbursed.Your Medical Spending FSA may be used to reimburse out-of-pocket medical expenses for you, your spouse, and your dependents.
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