What can I use my HSA for BenefitWallet?
Funds in your HSA can be used to pay for any out-of-pocket expense that you owe as part of your health plan — doctor’s visits, prescriptions, lab tests, and hospitalizations. Additionally, dental, vision, acupuncture, and chiropractic expenses can also be paid with your HSA.
What is BenefitWallet HSA?
Your BenefitWallet® Health Savings Account (HSA) is one of the most powerful savings accounts in America. Use it to save, spend or invest for your — and your family’s — health care expenses. Enroll in an HSA-qualified health plan and begin depositing tax-free money1 into your HSA.
Can I use my benefit Wallet card at an ATM?
Can I use my card at an ATM? Yes, you can make withdrawals or balance inquiries at ATMs. Withdrawals are limited to $500 per day. Refer to your HSA fee schedule for applicable fees.
Who owns BenefitWallet?
Conduent Human Resource Services
BenefitWallet is a solution offered by Conduent Human Resource Services and is one of the nation’s top health account administrators. With The Bank of New York Mellon as our custodian, we manage over one million accounts and serve employer customers of all sizes.
Can I use HSA to buy vitamins?
Generally, weight-loss supplements, nutritional supplements, and vitamins are used for general health and are not qualified HSA expenses. HSA owners usually cannot include the cost of diet food or beverages in medical expenses because these substitute for what is normally consumed to satisfy nutritional needs.
Is BenefitWallet a good HSA?
With a BenefitWallet® Health Savings Account (HSA), you have an easy way to save and pay for eligible health care expenses, tax free. It’s a great complement to the HSA-qualified health plan offered by your employer.
How do I cancel my BenefitWallet HSA account?
Closing an account: To close an HSA, the member must call the BenefitWallet Service Center. Using HSA funds for non-qualified expenses: If the HSA funds are used for costs other than qualified medical expenses, those distributions will be subject to ordinary income tax and, in some cases, a 20 percent penalty.
What is BenefitWallet?
Beyond health account administration, BenefitWallet is a unique web-based experience that simplifies health care by connecting the dots between health care and spending. Our HSA solution was first brought to market in 2004, when Congress passed the legislation enabling HSAs.
Can you use HSA for toothpaste?
Toothpaste: HSA Eligibility. Toothpaste is not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA), limited-purpose flexible spending account (LPFSA) or a dependent care flexible spending account (DCFSA). What is toothpaste?