WageWorks to administer flexible spending accountsMay 23rd, 2013 | By tfedderson2 | Category: 2013, Employee News, Issue, May 23
Starting June 5, WageWorks Inc. will be administrator of the University of Nebraska’s flexible spending account plans. WageWorks replaces the university’s internal administrative system.
The change only affects employees currently enrolled in health or dependent care flexible spending accounts.
Keith Dietze, director of universitywide benefits, said WageWorks will provide improved plan features and more options for paying health care and dependent care expenses.
Features offered by WageWorks include:
— Debit cards pre-loaded with remaining flexible spending account balances for health care expenses. The cards can be used at approved providers or merchants.
— A “Pay Me Back” option that allows individuals to use their own funds to pay for health or dependent care expenses and request reimbursements. Claims can be filed online, by mail, via fax or with an “EZ Receipts” mobile phone app.
— A “Pay My Provider” option that sends payments directly to providers.
— Access to the WageWorks website, allowing 24/7 access to information about flexible spending accounts
— Access to the “EZ Receipts” mobile phone app, which allows users to file claims and complete paperwork via smartphone.
The FSA plan is a voluntary benefit that the university offers to benefits-eligible employees. The plan helps individuals save money by allowing them to set aside pre-tax income to pay for eligible medical and dependent care expenses. Individuals can enroll annually during NUFlex enrollment or when a permitted election change event occurs during the plan year.
Employees enrolled in the flexible spending account program for 2013 will receive detailed information about the change.