Flexible Spending Accounts (PPO)

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Can I enroll in an FSA if I’m enrolled in the PPO plan?

Yes. If you are enrolled in the PPO plan, you do not have a tax-advantaged savings account with your plan. Therefore, you are eligible to put money into a Health Care FSA.

What does the Health Care FSA offer me and my family?

The Partnership offers you a way to save money tax-free to use for eligible out-of-pocket medical expenses for you and any dependent(s) whom you claim on your taxes.

Is there a Dependent Care FSA, as well?

Yes. The Dependent Care FSA allows you to set aside tax-free dollars to use for qualified day care expenses. This account is not intended to be used to pay for any medical expenses.

How much can I contribute to my FSAs?

You can contribute up to $2,500 to your Health Care FSA and up to $5,000 to your Dependent Care FSA.

How do I pay for eligible expenses with my FSA?

You can pay for eligible expenses in one of two ways:

Pay for services and products upfront. Then submit the proper form and receipts for reimbursement. You can have your funds automatically deposited into your checking or savings account, or receive a check.
Pay eligible expenses with your WEX Health Debit Card. Payments are automatically withdrawn from your FSA, so you don’t have to pay out-of-pocket when you are purchasing.

See your WEX Health FSA Guide for details on paying for eligible expenses.

Will the remaining funds in my Health Care FSA roll over from year to year?

If you have funds remaining in your Health Care FSA on December 31, you may roll over up to $500 of your unused balance to the following year if you elect the Health Care FSA for the following year.

These frequently asked questions (FAQs) provide only an overview of benefit changes and clarifications effective Jan. 1, 2025. The respective plan documents and policies govern your rights. You should rely on this information only as a general summary of some of the features of the plans and policies. In the event of any difference between the information contained herein and the plan documents and policies, the plan documents and polices will supersede and control over these FAQs. The Partnership expressly reserves the right at any time and for any reason to amend, modify or terminate one or more of the plans or policies described in these FAQs.

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QUESTIONS?

Info Center

We know that you may have questions about your benefits. We’re here to help you! The Benefit Advocate Center offers you a variety of services. When you have a question, need to file a claim, or search for a doctor, you will reach out to Collective Health.