The New TSB Card Option
TSB health care reimbursement account participants will have two options for reimbursements in 2005:
- Continue to pay for services out-of-pocket and submit claims to Nyhart for reimbursement by check or electronic fund transfer, or
- Pay using a new TSB Card option.
Note: The TSB card option does not apply to dependent care expenses.
It is important to understand how the card option works before requesting one. Some employees may find the card desirable, while others may not. Below is an overview of the TSB card option. Detailed information will be available in the Open Enrollment packet in early November and at www.indiana.edu/~uhrs/benefits/tsb.html.
How the Card Option Works
The TSB card is a debit-type MasterCard that allows participants to pay for services from their TSB health care reimbursement account. Participants use the card to pay at the time of service, keeping their receipts. Each time the TSB card is used, the participant will receive a request (e-mail or U.S. mail) from Nyhart to substantiate purchases with receipts. The participant mails or faxes their receipts with a copy of Nyhart’s request. If purchases are not substantiated within 30 days, the card will be deactivated until receipts are submitted.
Using the Card for Services and Purchases
The card does not change any of the TSB plan rules for eligible expenses. The expenses must be IRS-eligible medical expenses incurred by the participant, the participant’s spouse, or tax dependent during the tax year, and not covered by insurance. Examples of eligible expenses may include: deductibles, office visit copays, prescription copays, vision exams, eye glasses, contacts, saline solution, dental care, orthodontia, and certain over-the-counter medicines.
The card may be used at any physician office, hospital, or service provider that accepts MasterCard—including grocery and discount stores—for eligible expenses only. If the card is inadvertently used to purchase ineligible items, the participant must repay their account. The participant will be notified by Nyhart if ineligible expenses are detected from the receipts. Participants may also use the card to pay for eligible expenses for which they receive bills (e.g., physician visits and hospital services).
Just like a credit card, lost or stolen cards must be promptly reported and deactivated.
How to Obtain the Card
The card is voluntary and only issued upon request. The card must be requested between December 22 and January 15 using the www.Nyhart.biz Web page. Cards cannot be obtained after this request period except for newly hired employees making a new election. The card will be issued by MBI, a national financial services company, by the end of January. Each participant will receive one card that must be shared among family members making purchases.
Implementation of the card option will mean that health expense reimbursements for 2005 dates of service will not begin until the third week in January each year.
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