When the North Alabama Conference became a Plan Sponsor of Healthflex Exchange in January 2016, participants with INDIVIDUAL ONLY coverage received a monthly Premium Credit into an HRA or HSA (Health Reimbursement Account or Health Savings Account) to use to pay for eligible medical expenses such as co-pays and prescriptions.
And beginning in January 2017, the excess Premium Credit was extended to include ALL TIERS. That means that beginning in 2017 and through 2020, whether you have Individual only OR Family coverage you receive a monthly amount deposited into an HRA or HSA! (depending on medical plan election)
How do you check your balance?
Log in to your HealthFlex/WebMD account, click "My Healthflex Benefits", then click "Health Accounts - WageWorks". This opens your WageWorks account where you can view balances and claims, and request a replacement or dependent debit card.
Plan elections do not impact local church billing; however, plan elections do affect what remains of the Premium Credit to fund your HRA or HSA. Click here for more information.
Two types: Medical FSA and Dependent Care FSA. Participant-funded.
Medical FSAs -used to pay for eligible medical, dental, and vision care expenses that aren’t covered by your insurance plan or elsewhere. Important to remember: If you are in an HDHP with an HSA, it may be beneficial to fully fund the HSA first
Dependent Care FSAs - used to pay for dependent care services, such as preschool, summer day camp, before or after school programs, and child or elder daycare.