Types
Name all the types of TAdAs we offer
HSA
FSA
DCFSA
Commuter
Who can enroll in a TAdA?
Any employee eligible to participate in health benefits
Where can an EE submit a claim?
Gusto Benefit Card Manager (GBCM)
What initiates the creation of an employee's TAdA debit card?
Enrollment in a TAdA
What does tax-advantaged mean for these benefits?
These benefits allow the employee to use pre-tax funds for purchases and manual claims.
This type of TAdA can be used to pay daycare expenses
DCFSA
In order to enroll in an HSA, you must also be enrolled in a _____.
High-Deductible Health Plan (HDHP)
When an employee has purchased an item or service out of pocket and would like to be reimbursed, they submit this.
A claim
What does card-post mean next to a transaction in Alegeus?
EE swiped their card, it was authorized and posted to their account
What happens to an HSA when the EE is terminated?
It will be converted into an individual account
EE will receive information in the mail from Avidia directly regarding how to manage the HSA through Avidia.
What can an employee use their HSA funds for?
HSAs are used to pay for eligible health expenses, including some dental and vision costs.
2 types of people who are not eligible to enroll in a TAda?
Owners taking owner’s draws and 2% or greater shareholders of an S-corporation
What is needed for a commuter transit transaction before you submit a claim?
a denied card swipe
Why would an EE receive a FSA denied transaction after trying to use their card at a store like Walgreens?
Walgreens sells many things, some items that are approved and some that are not.
What is the difference in coverage between an FSA and an LPFSA?
FSA: can be used on eligible medical, dental, vision expenses
LPFSA: can only be used on vision and dental expenses
For 2022, the maximum pre-tax contribution for transit is ______ & the maximum pre-tax contribution for parking is _____?
Transit: $280 per month
Parking: $280 per month
What day of the month does an employe have until to change their HSA contribution amount for the following month?
The contribution amount must be changed by the 20th of the month to go into effect for the following month.
One of the five pieces of information required on documentation submitted for an FSA claim
A type on transaction in which a customer's TAdA card is accepted during the transaction, but additional documentation is needed.
Ineligible Expense
For FSA, DCFSA and Commuter TAdAs, how long does the EE have to use the current funds in their account?
What happens if they don't use them?
90 days after the policy end date to submit claims for services incurred while the policy was active.
Any remaining funds will be forfeited to the company.
Why would an employee be defaulted to an LPFSA when they enroll in their company's FSA?
If you or your spouse expect to make active contributions into a Health Savings Account during your Health FSA policy year, you are only eligible for an LPFSA.
HSAs for 2% shareholders are allowed per IRS regulations; however, the funds must be withheld as this
post-tax deductions
Two pieces of information needed for a DCFSA claim that are not needed for an FSA Claim
Provider address and FEIN/SSN
Customers do not submit claims for their HSA Account. Instead, they submit this.
HSA Bill Pay
A 45 day period during which employees can submit claims for new expenses, but use funds from the previous plan year.
Grace Period