Page 15 - Dawson 2022 Benefits Guide

2022 Benefits Guide 15

Debit Card

The WageWorks FSA debit card is an easy
way to keep cash in your pocket while using
your FSA. Many payments made with the card
are approved automatically, so no further
paperwork is required. Both healthcare and
dependent care expenses may be paid with
the debit card. If WageWorks cannot determine
whether the use of your debit card is for an
eligible expense, a request for substantiation
will be sent requiring you to submit a copy of
the receipt which clearly indicates the nature
of the expense. The reason for this request is to An Example of How the FSA Plans Work
prove funds were used to pay eligible medical,
dental, and vision care expenses. Failure to
respond to substantiation requests will result
in the suspension of your debit card. Your FSA
debit card eligible expenses include medical
out-of-pocket expenses not covered by dental,
vision, pharmacy copays, and over-the-counter
materials and medication.

* Please note the tax rate used in this example is an estimate.
Actual tax rate will vary based on local and state taxes in
your area.