EBU020- Get to Know Your Medical FSA with WEX

Esse Health Benefits U

Meet WEX (formerly Discovery Benefits) and find out how they help you get the most from your FSA! A Medical Flexible Spending Account (FSA) is a great way to save money on your out-of-pocket healthcare costs – including dental and vision expenses. Alexis Guggisberg explains FSA basics, and the tools available to help make it easy to manage your FSA account. 00:00 - Meet WEX & online access/app overview 05:28 - FSA basics 08:39 - New eligible expenses / eligible expense scanner 11:15 - How to use your debit card or submit a claim 13:26 - Substantiation / IRS requirements 22:17 - When you can enroll/change your election 23:57 - Ask WEX – questions from employees 25:50 - Contacting WEX / Closing summary Additional Resources:

• How to Contact WEX
• How to Access Your FSA Benefits Online Account
• Getting Started with the WEX Benefits Mobile App
• How to use the App's Eligible Expense Scanner
• Eligible Expense Guide
• Did U Know – Substantiation Overview
• Video: How to Substantiate Medical FSA expenses
• Understanding Benefit Card Auto-Approval
• Common Reasons for Benefits Card Declines
• Benefits Card Suspensions - Overview

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------ Music Credit: "Cheery Monday" - Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/