WEX (Discovery Benefits) Debit Card
- Use your WEX Debit Card to pay for eligible services and products under the FSA, LFSA, and HSA
- Payments are automatically withdrawn from your account, so you don’t have to incur out-of-pocket costs.
- Receive two cards when you enroll. You may request additional cards for your spouse and dependents 18 years of age or older.
- Replace lost or stolen cards at no cost.
*The contribution maximums are subject to change each calendar year per IRS guidelines.
Access your benefits 24/7 by downloading the Benefits by WEX mobile app or by visiting wexinc.com. WEX can be reached on live chat from your online account, by email at customerservice@wexhealth.com, or by calling 866.451.3399.
A Health Care Flexible Spending Account (FSA) allows you to set aside a portion of your salary, before taxes, to pay for qualified medical care expenses. Because that portion of your income is not taxed, you end up with more money in your pocket. It is designed to reimburse for out-of-pocket health care expenses incurred by you or your eligible dependents that are not reimbursable through any other benefit plan. Examples of eligible expenses are deductibles, copays, prescriptions, vision exams, prescription eyeglasses, dental expenses and many others. Over the counter drugs will not be an eligible expense. Your full annual election amount for the Health FSA is available at any time during the plan year, regardless of how much you have actually contributed to date.
- Annual Contribution minimum is $100
- Annual Contribution maximum is $3,200
The IRS has a “use or lose” rule which states that you lose any leftover balance in your account at the end of the plan year.
*The contribution maximums are subject to change each calendar year per IRS guidelines.
A Dependent Care Flexible Spending Account (DCA) is designed to set aside a portion of your salary, before taxes, to pay for dependent care for children up to age 13, a disabled dependent of any age or a disabled spouse. To be eligible for this type of account, both you and your spouse (if applicable) must work, be looking for work or be full-time students. Examples of eligible expenses are daycare, after school care and elder care. After you have incurred an eligible expense, you may be reimbursed up to your contribution balance at the time of the reimbursement request.
- Annual Contribution minimum is $100
- Annual Contribution maximum is $5,000 per household
*The contribution maximums are subject to change each calendar year per IRS guidelines.
To help offset the cost of medical expenses, you can pair the HDHP medical plan with a Health Savings Account. This provides you the opportunity to put pre-tax money aside to help pay for your out-of-pocket medical expenses. This combination gives you ultimate control over how you spend your health care dollars.
Benefits of HSA:
- Acadia makes a per pay period contribution to your HSA distributed equally over 24 pay periods. In order to receive the company contribution, you must enroll in the HSA.
- $500 annual for employee only coverage.
- $1,000 annual for family coverage.
- You choose how much to set aside for health expenses up to IRS maximum.
- $4,150 for single coverage annually
- $8,300 for family coverage annually
- Reduces taxable income – deposits are taken out of your paycheck before income tax is calculated and withdrawals for qualified medical expenses are tax-free.
- Grows with you – the money in the account is yours to invest and the earnings are tax-free.
- Your HSA is portable even if you change jobs.
- From age 55 until you enroll in Medicare, you can contribute an additional $1,000 annually.
- At age 65 you can use your HSA funds however you choose. It is counted as income and taxed without penalty.
*The contribution maximums are subject to change each calendar year per IRS guidelines.
If you have a high deductible health plan (HDHP) along with a health savings account (HSA), you may use a Limited Health FSA to pay some out-of-pocket expenses until your annual deductible is met. Limited FSA allows you to set aside a portion of your salary, before taxes, to pay for qualified vision, dental and/or preventive care expenses. Examples of eligible expenses are dental visits/treatment, eye exams, contact lenses, eyeglasses, immunizations and many others.
- Annual Contribution minimum is $100
- Annual Contribution maximum is $3,200
*The contribution maximums are subject to change each calendar year per IRS guidelines.
Benefits Pages
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