![]() ![]() The card can be used only for qualified healthcare expenses The card is a debit card through UMB Financial Corporation which is widely accepted by providers and retailers. HSA and FSA plan members receive a healthcare payment card with their welcome kit. Learn more about FSAs Healthcare payment cards We encourage employers to consult their tax and legal advisors regarding which type or combination of spending accounts they should consider. Note: Some FSAs can be offered together with other personal funding accounts, with certain FSAs can be paired with many of our health plans. Where the HRA pays first Flexible spending account (FSA)Ī flexible spending account is a tax-advantaged, employer-owned healthcare spending account that mid-size and large group employees can use to pay forĮligible medical expenses. Employers then reimburse us via convenient electronic funds transfer. We pay all HRA-eligible expenses on behalf of the employer at the time claims are processed. Learn more about HSA On Demand Health reimbursement arrangement (HRA)Ī health reimbursement arrangement is an employer-sponsored and funded healthcare account that mid-size and large group employees can use to help pay for qualified medical expenses. An HRA must be paid for solely by the employer employees are not permittedīecause we administer both the health plan and the HRA, our integrated claims processing allows HRA funds to be automatically applied to qualified medical expenses, so in most cases there’s no need for members to fill out forms or wait for reimbursementĬhecks. As future contributions are made to the account, the funds are repaid without interest until the balance hits zero. HSA On Demand gives employees up-front funds when they don’t have enough money in their HSA to cover qualified medical expenses. Like overdraft protection for a checking account, HSA On Demand offers your employees peace of mind when enrolling in a qualified high-deductible health plan by offering an easy, low-risk solution. Learn more about HSAs (51+ employees) HSA On Demand Mutual funds, and other financial options permitted by IRS rules. If offered by the plan administrator, funds in an HSA may also be invested by members in money market accounts, Each year, total contributions to an HSA (by the employer, the employee, or anyone else on behalf ofĪnnual limit set by the IRS. Health savings account (HSA)Ī health savings account is an employee-owned account that works in conjunction with a qualified, high-deductible health plan that allows employees to save forĮligible medical expenses through tax-advantaged contributions. *HRA and FSA funds roll over annually at the employer's discretion. Unused funds stay in the account until used Requires qualified high-deductible health plan Results may vary.Available for mid-size and large group plans *** Typical Fulltime Aligner treatment plans are 4–6 months. Comparison does not include added costs, such as retainers, and is limited to mild-to-moderate teeth correction, as braces may treat additional issues. diagnostics and exams) for braces treatment, as reported in a nat’l survey of orthodontists. ** “Half the cost of braces” claim based on Single Pay vs. See Pricing at /FAQ for financing details for your state. * Representative of average SmileDirectClub customer with orthodontic insurance coverage. Your aligners are manufactured in accordance with your custom treatment plan.ĥ “As little as 60 days” claim is based on survey results with customers who were in treatment with SmileDirectClub 22-hour-wear aligners where 80% said they saw movement within the first 60 days. See /Pricing/APR-Financing for financing details for your state.Ĥ A state-licensed dentist or orthodontist evaluates and approves your new smile. SmilePay is $89/month for 28 months with $250 deposit ($2742 total) for Care. Comparison does not include added costs, such as retainers, and is limited to mild-to-moderate teeth correction, as braces and Invisalign may treat additional issues.ģ "Less than $3/day” claim is based on SmilePay™ monthly payments divided by 30 days. diagnostics and exams) for braces and Invisalign treatment, as reported in nat’l surveys of dentists and orthodontists. See /Pricing/APR-Financing for financing details for your state.Ģ “Half the cost of braces or Invisalign” claim based on Single Pay vs. 1 SmilePay™ is $89/month for 28 months with $250 deposit ($2742 total) for Care. ![]()
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