Optional employer self-service upload of contribution files, admin file contribution processing across employers, debit card, mobile, and online claim filing. Contributing to this benefit reduces rateable income and spreads the features of pre-tax in throughout the year, helping you saved 30 percent or more on your dependent care expense. WexBocaLink.setUrl("locations-flyout", "WEXFleetUniversal", "cc1"); Save money and manage fleet operations with our modern business mobility solutions, including a broad array of fuel cards for any size fleet. At WEX, we value your commitment and time spent working, growing and contributing each day. Full-service administration options for either or both reimbursement processing as well as trust and investment management. Learn more about the Health FSA >, Copyright Regents of the University of California, DepCare FSA for Academic Student Employees, Dependent Care Flexible Spending Accounts, Tax Savings on Insurance Premiums (TIP) Plan, Emergency Resources from UC's Benefit Plans, Academic Student Employees and Graduate Student Researchers, Learn more about the Dependent Care FSA >, DepCare FSA Summary Plan Description for Postdoctoral Scholars, Health Care FSA Summary Plan Description for Postdoctoral Scholars. Log in through face recognition or fingerprint (depending on your phone). Specifically, you can use it anywhere with an Inventory Information Approval System (IIAS) or at merchants that meet the IRS 90 percent rule (where 90% of gross sales meet eligibility requirements). WexLocationCode.setTransientValue("wex02"); And how can it support employee needs? Create a consistent, user-friendly experience for your employees. This blog post was most recently updated in July 2021. A Voluntary Employee Beneficiary Association is an employer-funded, interest earning account where contributions are held in a trust on behalf of employees. . Dependent Care FSA for Nanny or Family Member Home Childcare Expiring debit card We will automatically mail you a new debit card 30 or more days prior. Whatever your business, we have a benefits solution for you! Specifically, you can use it anywhere with an Inventory Information Approval System (IIAS) or at merchants that meet the IRS 90 percent rule (where 90% of gross sales meet eligibility requirements). Design your flexible, custom offering with health reimbursement arrangements from WEX. Specifically, you can use it anywhere with an Inventory Information Approval System (IIAS) or at merchants that meet the IRS 90 percent rule (where 90% of gross sales meet eligibility requirements). *. Description File a claim and upload documentation in seconds using your phones camera. WEXVets provides mentorship, development, and camaraderie for veteran employees, empowering them to capitalize on their unique experiences. Get the latest Health Trends & Insights news in your inbox. What if additional documentation is required? Our benefits administration solutions solve employers end-to-end benefits needs including HSA, FSA, and COBRA, help employees get the most value from their benefits, and power partners business growth. I understand that WEX, including its agents and employees, will not be held liable if I submit ineligible expenses for reimbursement. Choose My Signature. Get help when you need it. This saves you money by reducing your taxable income. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Our payments platform technologies give you everything you need to run an advanced payments program in one place, including the expertise to make payments smarter, faster, and more profitable. Rx/MN Step 1: Dependent Care Provider Information and Signature (to be completed by the provider) This highlights some of the benefits of these accounts. Our benefits administration solutions solve employers end-to-end benefits needs including HSA, FSA, and COBRA, help employees get the most value from their benefits, and power partners business growth. If youre already enrolled, continue using the debit card you have. If you have the benefits debit card, it will continue to work as normal, using your carryover funds first. Dependent Care FSA Contribution Limits & IRS Regulations The IRS sets the maximum dollar amount you can elect and contribute to a dependent care lexible spending account (dependent care FSA). If used at an IIAS merchant, simply swipe your card and it will automatically approve anything thats an eligible expense. Carryover funds become available to you after the run-out (claim filing) period. What is a dependent care FSA? | WEX Inc. / Dependent Care Verification Form With a female CEO, an executive team with 30% female leadership, and global workforce that is nearly half female, women are a key part of WEXs business at all levels. Our card works at a variety of merchants. If used elsewhere, you may need to upload supporting documentation (depending on your benefits plan). WexLocationCode.setTransientValue("wex02"); Spend the funds in your HRA (and other benefit accounts) using your smart benefits debit card. Additional cards You can request additional debit cards for your spouse or dependents from your online account. If I participate in the dependent care FSA, will I still be able to claim the household and dependent care credit on my A 115 Trust is similar to a VEBA in that it is an employer-funded, interest earning account where contributions are held in a trust on behalf of employees. Live Chat WEX Benefits Reviews 2023: Details, Pricing, & Features | G2 If used atan IIAS merchant, simply swipe your card to have any eligible expenses automatically approved. With a female CEO, an executive team with 30% female leadership, and global workforce that is nearly half female, women are a key part of WEXs business at all levels. Specifically, you can use it anywhere with an Inventory Information Approval System (IIAS) or at merchants that meet the IRS 90 percent rule (where 90% of gross sales meet eligibility requirements). WEXVets provides mentorship, development, and camaraderie for veteran employees, empowering them to capitalize on their unique experiences. PDF Dependent Care Verification Form - WEX Inc. To honor this, WEX awards employees every 10 years for their service. Our free app gives you convenient, real-time access to all your benefits accounts in one spot. Dollars you contribute are taken out of your paycheck before tax which means a $100 purchase would actually cost you over $130 without a limited FSA. We provide comprehensive and holistic benefits for all employees working 30 hours or more (and benefits are effective day 1 for new hires). We live in a mobile-first world, and the WEX benefits mobile app was built with that in mind. WEX Advantage Our benefits administration solutions solve employers end-to-end benefits needs including HSA, FSA, and COBRA, help employees get the most value from their benefits, and power partners business growth. You cant enroll in a dependent care FSA and apply for the tax credit with the same funds. How does it work? You can use your funds for expenses incurred by you, your spouse or eligible dependents. WexLocationCode.setTransientValue("wex02"); Hayden is a content marketer at WEX. Whatever your business, we have a benefits solution for you! Employees make mistakes while enrolling. Women play an important role at WEX. Who's eligible: Employees with Full, Mid-Level and Core benefits Academic Student Employees and Graduate Student Researchers are eligible for DepCare FSA, Whos covered: You and your family members. There are no monthly bills and no . Women play an important role at WEX. Employee Resource Groups are great because it gives everyone a voice regardless of origin and background. Women play an important role at WEX. [email protected] Learn from experts on a variety of industry topics. Listen to WEXers describe their experiences as WEX employees. Documentation must be retained for your records and provided to WEX when requested to do so (if a receipt is unavailable, a signature from the provider is sufficient). I want to make a difference and make people feel like they belong here and WEXPats empowers me to do that by giving me a community of people who have the shared experience of immigrating to a new country for work and the passion to make the transition easier for others. WEX Advantage PDF WEX Health Payment Card FAQ 020218 (3) And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. Unlike a medical FSA, it can. Focusing on diversity also means focusing on inclusion. Reset login credentials. WEX Advantage employer portal provides self-service capabilities to keep the small group administration light. But they've also evolved in recent years, with three increasingly popular types of HRAs rolled out since 2017. The WEX benefits platform makes it possible for participants to easily access and manage all their benefits with one online account, one mobile app, and one debit card. An employer determines the type of HRA plan design that best aligns with their needs. WEX offers a competitive benefits package designed to make life better at work and at home. If youre a small business owner, the qualified small employer health reimbursement arrangement (QSEHRA) might be the benefits plan youre looking for. If used at an IIAS merchant, simply swipe your card and it will automatically approve anything thats an eligible expense. Fast Fact A great way to set it and forget it is to use our Recurring Dependent Care Form that allows you to submit one claim for the entire year and you will be reimbursed after each payroll. Description Knowledgebase Once youre enrolled, check out the knowledgebase to quickly search for answers to your questions. Description *With the WEX benefits platform, COBRA participants also enjoy a seamless experience with a user-friendly online account and mobile app. What is a dependent care FSA? | WEX Inc. WexBocaLink.setUrl("locations-flyout", "WEXFleetUniversal", "cc1"); This field is for validation purposes and should be left unchanged. You can easily upload documentation to a claim by logging into our mobile app, taking a photo of your documentation with your phone's camera and uploading it. This allows us to see the company through a different lens or perspective than we normally would. Our card works at a variety of merchants. Posted July 19, 2021. by WEX Benefits. To be eligible for this type of FSA when offered through your employer, you and your spouse (if applicable) must be employed, or your spouse must be a full-time student or looking for work. PDF Dependent Care FSA - WEX Inc. Access your benefits on the go 24/7 with the WEX benefits mobile app.

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