HSAs vs. FSAs
Health Savings Account (HSA) funds can be used for health expenses or retirement savings and roll over year to year. They offer incentives for tax deductions, but you must enroll in a high-deductible health plan to have a Health Savings Account.
Flexible Spending Account (FSA) funds are generally use-or-lose money and do not roll over into the new year. Depending on your plan, this money can be used for needs like procedures, medical supplies, counseling or medical mileage. There are some options to roll over part of your flex dollars into the new year. This depends on your plan and your employer if you have insurance through work.
Mobile App
You have easy access to your Flexible Spending Account with our mobile app. The MyFlexPlan app lets you file a claim online, upload receipts to track expenses, view your account history and more.
Important Information
New Enrollments
For new enrollments, your username will include the first initial of your first name, your last name and the last four numbers of your Social Security Number (all lowercase, not dots or spaces). Your initial password is *Welcome*.
Claim Distributions
Funds can be used for any tax dependent. All claims and HSA distributions are reimbursed via direct deposit, so remember to add your banking information in the consumer portal. Claims received by Monday at noon will be reimbursed the same week.
Debit Cards
Debit cards are good for three years, and new enrollees receive two cards upon enrollment. The expiration date can be found on the front of your card. New cards will be automatically generated and mailed one month prior to that expiration date.
Questions?
Please contact InsuraPath by calling 605-322-4774 or emailing
flex@insurapath.com.
