#Proficient with manual#

#Proficient with manual#

If a purchase is greater than your account balance, you can split the cost at the register or you may submit a manual claim. Most major retail chains utilize a system that will automatically verify the eligibility of the service product being purchased, meaning it will approve eligible expenses without requiring submission of receipts. Funds are automatically transferred from the benefit account directly to qualified providers with no out-of-pocket cost and no need to file a claim for reimbursement. The card can be used at any qualified service provider that accepts MasterCard. Use your card to pay for a variety of eligible healthcare services and products for individuals covered under your plan. Benefits MasterCardДЄvoid out-of-pocket expenses with the Benefits MasterCard. Below, you will find tips to help you maximize your participant experience. Tax advantaged plans really go a long way to saving you money. Your spouse or qualifying child or qualifying relative who is physically or mentally unable to care for him/herself who shares the same residence with you and has income less than the Federal exemption amount.Your qualifying child under the age of 13, who shares the same residence with you or.The person whose expenses you are claiming must be: The most you can set aside is $5,000 if single or married and filing jointly or $2,500 if married and filing separately. This deadline for filing all claims can be found in the Summary Plan Description for your employerвЂ™s plan. The deadline applies either at the end of the plan year or from your termination date. There is a deadline for filing all claims. Plan carefully and be conservative in your estimates. Use or Lose RuleДЄny amount that is left in your Healthcare FSA or Daycare FSA account at the end of the plan year that is unclaimed is forfeited. Proficient Benefits Solutions will notify you when itвЂ™s time to send a copy. Some transactions will require you to send a copy of your receipt after your purchases. ReceiptsД«e sure to keep copies of all of your receipts including those for services paid for with the Benefits MasterCard. You can use current plan year Healthcare FSA or Daycare FSA funds to pay for current plan year expenses but you cannot use current plan year Healthcare FSA or Daycare FSA funds to pay for expenses incurred prior to the start of the current plan year. Below is a list of important rules that you need to be familiar with: Expenses Must Be Prospective