Horizon MyWay® FSA
Learn how an FSA can help you plan and pay for health care and dependent care costs throughout the year.
Health Care FSA vs. Dependent Care FSA
HEALTH CARE FSA
DEPENDENT CARE FSA
Availability of Funds
With a Health Care FSA, your full contribution is available from day one, even if you have not yet contributed the full annual amount.
With a Dependent Care FSA, your funds are available as you contribute from each paycheck (as soon as administratively possible).
|Examples of Eligible Expenses||
Know How to Access Your Funds
To be reimbursed from your FSA, you will need to submit a claim form, a copy of your itemized receipt(s) and/or your Explanation of Benefits (EOB) statements to Horizon BCBS.
Please remember to retain copies of your claims forms, receipts and, when applicable, fax confirmations.
There are three ways to submit your claims.
|Sign in to securely submit claims online without a claim form.||Fax your claims to 1-866-231-0214.||Send claims to:
Horizon BCBS FSA
P.O. Box 64193
St. Paul, MN 55164-0193
Tips for Faster Reimbursement
- When completing a claim form, do so carefully to avoid a delay in processing and be sure to include a copy of your itemized receipt(s) and/or EOBs. You can combine claims from the same provider for several dates of service. Incomplete forms will be returned to you.
- If you need more claim forms, you can download them.
Regardless of how you submit your claim, the fastest way to be reimbursed from your FSA is to set up direct deposit. With direct deposit, your reimbursement will be deposited into your designated account after your claim is processed. If you are not enrolled in direct deposit, your reimbursement will be mailed to you in the form of a check.
Know What Happens to Unused Funds
What happens to remaining balances at the end of the plan year depends on which FSA you have.
|HEALTH CARE FSA||DEPENDENT CARE FSA|
If you have funds remaining in your account on December 31st you can roll over up to $500 to pay for eligible expenses. Rollover funds will be added to your account and Horizon MyWay debit card on January 1st, although you can still submit claims until April 15th.
Any Health Care FSA funds over $500 remaining after December 31, 2019, for which you have not submitted a claim by April 15th, will be forfeited.
There is no rollover provision for the Dependent Care FSA.
If we do not receive eligible claims by April 15th, any remaining funds will be forfeited.