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Last Updated: 09/18/2023
in FSA/HRA/HSA HSA HSA Investments The Sentinel HSA is a simple way to create a smart HSA investment strategy. Your initial funds will be allocated to the HSA default fund, the HCB Interest Bearing Account. Once your account balance exceeds $2,000, you may allocate HSA funds to other...
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Last Updated: 02/28/2018
in FSA/HRA/HSA FAQ's No, you can use funds only for the purpose for which the election was initially made. IRS regulations do not allow funds to be transferred or commingled between accounts. So, the money in your Health Care FSA may only be used for health care expense...
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Show Me How to Update My Beneficiaries Keeping up-to-date beneficiary information on all of your accounts is easy to do and only takes a few minutes online. Most importantly, you can feel confident that your loved ones will receive the as...
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Repaying ineligible expenses through your online account is the quickest and easiest way to reimburse your plan account. 1. Once you are logged into your online account you will see that you have a repayment pending in the Tasks secti...
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Last Updated: 09/11/2023
in FSA/HRA/HSA Medical FSA If you take a leave of absence while enrolled in the FSA plan, you have the option of either opting out or continuing in the Plan. If you elect to opt out of the plan, contact your benefits/human resources department to request this change. You may ...
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Limited Purpose FSA A limited purpose FSA may be offered to employees that are enrolled in a Health Savings Account (HSA) in conjunction with a High Deductible Health Plan (HDHP). The Limited Purpose FSA is available to supplement vision and dental...
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Last Updated: 05/25/2023
in FSA/HRA/HSA Medical FSA If you are enrolled in a Medical FSA plan you may be able to be reimbursed for parking and mileage expenses incurred while receiving medical care. Mileage Reimbursement: To claim mileage, you will need to submit a claim online (or use...
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Updating your personal information can be done quickly through your online account. Log In Here . 1. Once you are logged into your online account hover over the Accounts menu at the top of your page. Select Profile Summary from the the men...
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Last Updated: 03/18/2022
in FSA/HRA/HSA Eligible Expenses Eligible medical expenses are those incurred primarily to alleviate or prevent a physical or mental defect or illness. They do not include expenses that are merely beneficial to general health, such as vitamins or a vacation. Qualified medical expen...
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Last Updated: 03/08/2021
in FSA/HRA/HSA Dependent Care FSA A Dependent Care FSA account is generally used to cover expenses for the care of a “qualified dependent” under the age of 13 while the you and your spouse are working or looking for work. Additional covered expenses include Elder...