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Oh, hey!
Excited to see you here.
Most people listen to videos like these on mute, so I wasn’t expecting you.
But, thanks for turning that volume up.
Where do I even start?
There’s just so much I want to chat with you about on how you can plan, save, and spend smarter.
Welcome to PayFlex, an Aetna company. So, to break it down for you PayFlex includes health savings plans and flexible spending plans. And with PayFlex you’ll have the tools, services and support to make the right decisions for your health and financial well-being.
Your health savings account, or HSA is a smart money management tool, that lets you set aside money, tax-free to pay for eligible expenses. Such as your medical plan deductibles, and co-insurance, prescriptions, even some over the counter stuff like first-aid and pain-relievers, vision and dental care and so on.
The money that goes into your account, which is how you save for current and future expenses is based on how much you contribute. The 2020 contribution limits is thirty six hundred dollars for individuals, seventy two hundred dollars for families. And if you’re over the age of fifty-five, you can make a catch-up contribution of one thousand dollars.
Plus, an HSA is a triple tax advantage account, which means that contributions, earnings and withdrawals are tax-free. That’s a win, win, win.
By the way, that HSA of yours will grow over time. The funds roll over year to year and the account earns interest too.
Once your account hits the minimum required balance for investments you can start investing your money. And PayFlex makes investing easy with a choice of funds and facts you need right on the website.
Plus, you can take your HSA with you whether you change plans, jobs or decide to retire.
Now let’s get you up to speed on flexible spending accounts. There are three types, a health care FSA lets you use pre-tax dollars to pay for eligible healthcare expenses that aren’t covered by your medical plan.
A limited purpose FSA can help you pay dental and vision expenses before you meet your deductible. After that you may be able to use your account for any eligible health care expenses.
A dependent care FSA can help pay for services like day care, preschool and eldercare.
You can register easily with the PayFlex member website, where you can learn about your account, calculate eligible expenses and more.
And make sure you download the PayFlex Mobile App to manage your account wherever, whenever.
Here are all the ways you can get in touch with us.
We know that enrolling in health insurance can be challenging.
And you may not know where to start.
At PayFlex, we’re here to help you make a smart choice for your overall well-being.
Choosing the right health plan can be easier than you might think.
Let’s begin with a high-deductible health plan – HDHP for short.
A high-deductible health plan comes with a lower premium, meaning less money will come out of your paycheck for coverage.
So when you select an HDHP, you’re already saving.
A high-deductible health plan can be combined with a Health Savings Account (HSA).
And when they are paired together, you can save even more.
You can contribute money from each paycheck into your HSA.
When you contribute to your HSA with the money you save from your lower premiums, you give yourself tax-free dollars.
That’s right - this is the only tax- free financial account where you can gain interest and save money while spending on qualified health expenses.
Funds in your account roll over from year to year.
And that’s how an HSA can help you build a better financial future.
As you watch your savings grow, you’ll worry less about paying for your health in the future something your 401(k) will thank you for.
And as your balance grows, you’ll be able to invest your extra HSA dollars into mutual funds for those future health care expenses.
So if life throws you a curveball, your HDHP and HSA will help keep you covered.
Your health plan should take care of the whole you — both physically and financially.
By choosing an HDHP and a PayFlex HSA, you’re making the right choice for your personal well-being.
Oh, hey!
Excited to see you here.
Most people listen to videos like these on mute, so I wasn’t expecting you.
But, thanks for turning that volume up.
Where do I even start?
There’s just so much I want to chat with you about on how you can plan, save, and spend smarter.
Welcome to PayFlex, an Aetna company. So, to break it down for you PayFlex includes health savings plans and flexible spending plans. And with PayFlex you’ll have the tools, services and support to make the right decisions for your health and financial well-being.
Your health savings account, or HSA is a smart money management tool, that lets you set aside money, tax-free to pay for eligible expenses. Such as your medical plan deductibles, and co-insurance, prescriptions, even some over the counter stuff like first-aid and pain-relievers, vision and dental care and so on.
The money that goes into your account, which is how you save for current and future expenses is based on how much you contribute. The 2020 contribution limits is thirty six hundred dollars for individuals, seventy two hundred dollars for families. And if you’re over the age of fifty-five, you can make a catch-up contribution of one thousand dollars.
Plus, an HSA is a triple tax advantage account, which means that contributions, earnings and withdrawals are tax-free. That’s a win, win, win.
By the way, that HSA of yours will grow over time. The funds roll over year to year and the account earns interest too.
Once your account hits the minimum required balance for investments you can start investing your money. And PayFlex makes investing easy with a choice of funds and facts you need right on the website.
Plus, you can take your HSA with you whether you change plans, jobs or decide to retire.
Now let’s get you up to speed on flexible spending accounts. There are three types, a health care FSA lets you use pre-tax dollars to pay for eligible healthcare expenses that aren’t covered by your medical plan.
A limited purpose FSA can help you pay dental and vision expenses before you meet your deductible. After that you may be able to use your account for any eligible health care expenses.
A dependent care FSA can help pay for services like day care, preschool and eldercare.
You can register easily with the PayFlex member website, where you can learn about your account, calculate eligible expenses and more.
And make sure you download the PayFlex Mobile App to manage your account wherever, whenever.
Here are all the ways you can get in touch with us.
Welcome to PayFlex.
Our mission is to give you the tools, services, and support you need to make the best decisions for your health and financial well-being.
And one great option is a dependent care flexible spending account, DCFSA.
With a dependent care FSA, you can use your pretax funds to pay for childcare for dependents age 12 or younger, including daycare, preschool, and summer day camp.
You can also pay for adult care for a spouse or dependent who is incapable of self-care, including elder care and in-home aids.
For a full list of eligible expenses, visit the PayFlex website.
It's easy to get started.
Simply choose an amount you'd like to contribute for the plan-year period.
This amount will be deducted equally from each paycheck and deposited into your dependent care FSA.
With this account, you'll typically need to pay for these services out of pocket.
Once you've received the service, you can submit a claim to pay yourself back up to your available account balance.
The quickest way to get reimbursed is to have your money deposited directly into your checking
or savings account.
You can link your bank account through the PayFlex member website.
And managing your dependent care FSA is easy.
Once you register your account online at PayFlex, you can also download the mobile app.
The mobile app allows you to manage your account wherever, whenever.
If you need more help with your dependent care FSA, we've got you covered.
Here are all the ways you can get in touch with us
We know that many people live life on the go.
Whether you're commuting to work or taking the kids to soccer practice, you need a solution that offers flexibility and the power to access your health care funds whenever, wherever.
That's why we develop the PayFlex mobile app so you can have all your account information in the palm of your hand.
With the PayFlex mobile app, you can check your account balances, payments, and deposits, submit claims for reimbursement and pay providers directly from your account.
If you have a PayFlex Health Savings Account, HSA, you can request funds and make deposits to your HSA.
And if you have an HSA investment account, you can view your balance, fund allocations and performances right on the app.
You'll also have access to our barcode scanner, a tool that helps you verify if an item is an eligible health care expense using your smartphone.
You can simply scan an item's barcode to see instantly if it's eligible.
The mobile app allows you to stay up to date on your account, too.
You can enable push notifications to receive automated alerts about your account activity and be notified when you’re near a CVS Pharmacy retail location.
PayFlex is part of the CVS Health family of companies.
Email and text message options are also available.
Download the app today from your mobile devices’ app store.
There's no fee, and anyone with a PayFlex account can use it.
Just use the same username and password you use
to log into your PayFlex member website.
And if you haven't set up your online account with PayFlex yet, go to payflex.com to get started.
We know that enrolling in health insurance can be challenging.
And you may not know where to start.
At PayFlex, we’re here to help you make a smart choice for your overall well-being.
Choosing the right health plan can be easier than you might think.
Let’s begin with a high-deductible health plan – HDHP for short.
A high-deductible health plan comes with a lower premium, meaning less money will come out of your paycheck for coverage.
So when you select an HDHP, you’re already saving.
A high-deductible health plan can be combined with a Health Savings Account (HSA).
And when they are paired together, you can save even more.
You can contribute money from each paycheck into your HSA.
When you contribute to your HSA with the money you save from your lower premiums, you give yourself tax-free dollars.
That’s right - this is the only tax- free financial account where you can gain interest and save money while spending on qualified health expenses.
Funds in your account roll over from year to year.
And that’s how an HSA can help you build a better financial future.
As you watch your savings grow, you’ll worry less about paying for your health in the future something your 401(k) will thank you for.
And as your balance grows, you’ll be able to invest your extra HSA dollars into mutual funds for those future health care expenses.
So if life throws you a curveball, your HDHP and HSA will help keep you covered.
Your health plan should take care of the whole you — both physically and financially.
By choosing an HDHP and a PayFlex HSA, you’re making the right choice for your personal well-being.
You already know how a PayFlex health savings account, HSA, is a great way to save for health care expenses.
When you contribute to your HSA, your funds are placed in an FDIC insured account that earns interest and grows tax free.
But did you know you can invest your funds to save even more?
When your HSA has the minimum balance amount required, you can begin to invest through a variety of four-star-rated mutual funds.
You have control and can choose your mix of funds based on your age or risk tolerance.
It's like a retirement or college savings account built just for health care expenses, and we provide specialized tools that let you select and manage your investments online.
You'll be able to research the mutual funds available to you and make informed choices.
You can also set up your account to auto-invest all or part of your future contributions in the funds you select, so you have the flexibility to spread your HSA dollars among your fund options however you like.
Within the PayFlex member website, you can view your account balance, open an investment account, or review recent transactions and activity.
Staying proactive is key to managing your potential financial growth.
Start investing in your future today with a PayFlex HSA investment account.