Am I eligible to use a Dependent Care FSA?
In most cases* you are eligible to use a Dependent Care FSA if you are using it to provide care to a qualified person and if the care provided to the qualified person enables you to be: gainfully employed look for work If you are married, the care must also enable your spouse to: work […]
What OTC items are eligible with an FSA or HRA?
It can be confusing to figure out which items are eligible under a pre-tax account. This list* provides some guidance on the kinds of OTC items that are eligible, when you might need a prescription or certificate of medical necessity, what a dual purpose item is, and OTC items that are not eligible. Click here […]
How do I submit a requested receipt?
Option 1: Submit receipts online Log in to BRiWeb using your Login ID and Password. If you are logging in for the first time, you will need to complete the Register an Account process. From the home page, select Submit Claims / Receipts. If you have outstanding receipt requests, these will be displayed. Follow the prompts to […]
When do I need to submit my FSA claims?
FSA Claims need to be submitted by the date and cut-offs outlined in your plan documents. Benefit Resource provides this information in the Plan Highlights, which can be found in the Documents section of the BRiWeb Participant login. You may also contact your employer benefits administrator.
What is an itemized receipt? How do I get one?
An itemized receipt must contain the provider name, type of service, date of service, and cost of service. For health care expenses, a copy of your Explanation of Benefits (EOB) typically contains all the required information. You can generally access this information from your health plan login site if a copy is not automatically mailed […]
How will I know at the point-of-sale whether I will need to submit additional documentation?
You may not know if you’ll be asked to verify the eligibility of an expense when you use your Beniversal Card. Our opt-in BRiAlerts service allows you to receive email or text alerts just moments after completing the transaction. You can opt-in for BRiAlerts through BRiWeb or through the BRiMobile app. We will also automatically notify you […]
What can I do to avoid/limit requests for receipts when I use the Beniversal Card in the future?
There are certain times when your Beniversal Card transaction can be automatically approved: Use your card at IIAS merchants. These merchants have a checkout system that identifies which items are eligible under a Medical FSA and which are ineligible. Click here for a list of IIAS merchants. Additionally, you can use this resource to locate […]
Why was my transaction even approved if I still need to submit documentation?
In order to provide you with instant access to your account funds and prevent you from having to use other personal funds, the Beniversal Card is designed to work at all providers/merchants that primarily provide eligible products and services. We then review the transactions against all available data and only request receipts when we do […]
I used my Beniversal Card for eligible expenses, why am I getting a request to submit receipts?
Your tax-free benefit plan requires that all medical expenses be verified as being eligible under the plan and most health care providers/merchants provide both eligible and ineligible products/services. We first try to verify the transactions against a series of rules and data that is available for your plan. Unfortunately, we don’t always receive enough detail […]
How Does the Beniversal FSA Work?
The Beniversal FSA provides convenient and seamless access to your Flexible Spending Account by combining the Beniversal Prepaid MasterCard®, online and mobile account access and personalized service options. The Beniversal Card The Beniversal Prepaid Mastercard provides you with real-time access to your account funds to pay for eligible health care expenses. Benefit Resource uses information from the […]
Will FSA rollover funds be available on my Beniversal Card?
If you have an active Beniversal Card at the time of the rollover, funds will be available on the card.
Do I have to enroll in a Medical FSA in the next plan year to access my current plan year rollover funds?
No. In general, you are eligible to enroll in a Medical FSA in the next plan year and decide not to, you are still eligible to rollover funds into the new year. These can be used to reimburse eligible medical expenses once the funds are available. Note, there may be plan-specific exceptions. Check your Plan […]
If I have rollover funds from the previous plan year, can I still elect the maximum tax-free Medical FSA amount as set in my plan for the current plan year?
Yes. The amount of your rollover does not affect the amount that you can elect for your current plan year Medical FSA. (e.g. If you have a maximum election limit of $2,000 and a maximum rollover of $500, you could have access to up to $2,500 for the next plan year.)
Is there a minimum Medical FSA rollover amount?
The minimum Medical FSA amount that you can rollover is designated in your Plan Highlights. Any funds that do not rollover are forfeited.
Will Dependent Care funds be allowed to roll over into subsequent plan years?
A temporary ruling from Congress has allowed employers the option to allow Dependent Care FSA to rollover from plan years ending in 2020 into 2021 and plan years ending in 2021 into 2022. Please refer to your plan highlights to determine if your employer has opted into this. If your employer has not chosen this […]
When will rollover funds be available?
Effective July 1, 2021, FSA rollover funds will be made available to plan participants two business days after the 15th of the month following the end of the prior plan year. Plan years beginning prior to July 1, 2021 will still be subject to rollover after their runout period and denial grace period have passed. […]
How is the rollover amount determined?
The rollover amount is based on the remaining Medical FSA balance; not the remaining Medical FSA election.
What is the FSA rollover option?
Notice 2013-71 modifies the use-or-lose rule to allow participants to rollover up to $500 into the next Plan Year. Note: The IRS does not require plans to include the rollover option and employers can set the rollover limit up to $500. Please refer to your Plan Highlights to see if a rollover option is available […]
What OTC items are not eligible for reimbursement?
OTC items are not eligible for reimbursement if they are normally used for general health, are not used to treat a medical condition (e.g. toothpaste, mouthwash, lotion, shampoo) or are cosmetic in nature (e.g. teeth whitening products, wrinkle reducers). See additional examples in the OTC Chart.
What documentation do I need to submit for reimbursement of eligible OTC items?
Along with your completed claim form, you must submit an itemized receipt that includes the following information: Name of the provider Date of the purchase Name of the item being purchased Your out-of-pocket cost for the service Your signature on the claim form certifies that the item qualifies as an eligible expense under IRS regulations, […]
What requirements must be met for an OTC item to be eligible for reimbursement?
To be eligible for reimbursement: A medical item must be used “primarily for the prevention or alleviation of a physical or mental defect or illness.” It cannot be used unless it is for a particular medical condition. A drug or medicine requires a prescription from your medical provider. The item must be used by the […]
Can I purchase large quantities of OTC items?
Reasonable quantities of eligible OTC items are reimbursable if purchased for either existing or imminent medical conditions. If large quantities are necessary for the treatment of an existing condition, the medical provider must indicate on the Certification of Medical Necessity form that the quantity being purchased is necessary for the treatment of a diagnosed medical […]
Are all OTC items eligible for reimbursement from my Medical FSA?
Effective January 1, 2011, the rules changed regarding what is an eligible over-the-counter (OTC) item for reimbursement from a Medical FSA, HRA or HSA. OTC drugs and medicines require a prescription Health Account funds may no longer be used for OTC drugs and medicines (other than insulin) without a prescription from a medical provider. This […]
Is it more advantageous to use a Medical FSA instead of claiming those expenses as a deduction on my income tax?
The Medical FSA is more advantageous for most people because of the following reasons: On your tax return, your eligible medical expenses will need to exceed a minimum threshold set by the IRS before you can deduct any expenses and receive tax benefits. With a Medical FSA, the first dollar you spend on eligible medical […]
