health savings account and flexible spending accounts
TRANSCRIPT
Health Savings Account and Flexible Spending Accounts
PayFlex Overview
•The administration of the Blue Health & Savings, Green Health & Savings, FSA and Limited Purpose FSA is administered by PayFlex.
• Members enrolled in either Health & Savings plan or FSA will see PayFlex noted on various materials including the debit card.
• The Aetna Green Health & Savings Plan and the Anthem Blue Health & Savings Plan will both have the HSA administered through PayFlex.
• MasterCard Debit Cards will be provided upon enrollment for HSA and FSA members.
PayFlex Benefits
Enhanced Member Portal• Customizable account alerts available via web or email• New HSA Payment Options ($1.50 fee for paying providers online waived)• Online FSA Claim Submission and Debit Card Transaction• Free Mobile Smartphone App
Health Savings Account (HSA)• New Investment Options will be available• Debit cards only (No checkbook or ATM withdrawals)
Flexible Spending Account (FSA)•Robust self- service portal that allows for account access, payment specifications, online claim submission, and debit card transaction view.•Customizable account alerts – web & email•Limited Purpose FSA submissions will remain a manual process. However, these can be submitted online, by fax or direct through your mobile phone app.
PayFlex Contact & Resources
Access• Members can access the secure member portal via: www.payflexdirect.com.• Call Member Services at PayFlex: 1-888-879-9925
Plan Enrollment• Make annual elections for FSA, Dependent Care FSA, Limited Purpose FSA and
Health Savings Account (HSA) using the Bayer Benefit Center login https://bayer.benefitcenter.com
• Call Bayer Benefit Center at 1-800-806-4693
Member Resource Tools• Payflex FSA Webinar - http://www.brainshark.com/cfs/BayerFSA• Payflex HSA Webinar - http://www.brainshark.com/cfs/BayerHSA• Understanding Your HSA (Available on My Benefit Essentials Home Page)
PayFlex Direct Website Examples
8
Thank you!