FA Members who are part of the supplemental health benefits plan (ie., Blue Cross) have access to a Health Spending Account (HSA).
FA Members who are part of the supplemental health benefits plan (ie., Blue Cross) have access to a Health Spending Account (HSA). Some Members use that account ($500 per year) to cover expenditures in excess of what the supplemental plan covers. For example, if a new pair of glasses cost $100 more than what the supplemental plan covers, you can direct the overage to be taken from your HSA or apply for reimbursement from your HSA. Others use it to cover a range of health services the supplemental plan doesn’t cover.
For those who haven’t exhausted the funds in your HSAs, there is another way the balance in your funds can be used. They can be applied against your bi-weekly contributions to the supplemental health plan, and you can be reimbursed for those contributions (to the limit of the balance in your HSA). How does this work? Email email@example.com. Ask for a letter indicating your contributions to the Blue Cross supplemental health benefits plan so that you may seek reimbursement from your HSA.
You will receive a letter in response. Submit that as a claim to Blue Cross indicating you are seeking reimbursement from your HSA. You will need to do this by end of June. Remember, the roll-over in your HSA is limited to two years. If you don’t utilize the balance in your HSA on a two-year cycle, it is absorbed by the University.