Will I still need to keep my receipts? 11/02/2017 Yes. According to IRS regulations, each Flex Card transaction needs to be verified for eligibility in the same way that paper claims are. As a result, once a transaction is made using the Flex Card for your flexible spending account or health reimbursement arrangement, myCafeteriaPlan will need supporting documentation to approve the claim and will […] Read More >
How do I benefit from using a Flex Card? 11/02/2017 Using a Flex Card eliminates the time spent waiting on reimbursement checks. This allows you to bypass the inconvenience of restricted cash flow arising from the “lag time” between the expense and the reimbursement. However, you may be asked to document your expense after using the card. […] Read More >
What is a Flex Card? 11/02/2017 A Flex Card is a stored value card that reflects the balance of your medical and/or dependent care reimbursement account or flexible spending account. Since there are no transaction fees or pin numbers, the card should be swiped through the provider location scanner using the “credit/credit card” option. When the Flex Card is swiped, the […] Read More >
What is a Flex Card and how does it work? 11/02/2017 If your company offers the additional benefit of Flex Cards, you can visit the Flex Card section of our FAQ page to find out more information. […] Read More >