Human Resources

Yes. When you have both an HSA and a Healthcare FSA:

• Your FSA funds can only be used for dental and vision expenses until your annual HDHP deductible is met. Once you meet your deductible, and provide proof of meeting your deductible to WEX, you can begin using your Healthcare FSA funds for medical and prescription expenses that are incurred from that date forward.
• You will receive an IU Benefit Card to use for both accounts. This debit-type VISA card is “stacked,” meaning funds will automatically be drawn from your HSA when used at medical or pharmacy providers, and from your FSA when used at dental and vision providers. Once you have provided proof of meeting your annual HDHP deductible to WEX, the card will automatically begin pulling all expenses from your FSA first, then from your HSA once your FSA funds are exhausted. You also have the option to pay for expenses out-of-pocket, then submit claims for reimbursement to WEX.

Remember to adjust for this limitation when calculating your HSA and Healthcare FSA pledges for the year.

No. If your spouse is enrolled in the Healthcare FSA through IU or a HRA/FSA through another employer that is unrestricted (and the account could be used to cover your HDHP deductible), you are not eligible for tax-free HSA contributions.

Anthem tracks your deductible. You can review the progress towards your deductible using the Explanation of Benefits (EOB) statements mailed to your home, or by logging in to anthem.com or the Sydney Health app.

Once you meet your annual HDHP deductible, and provide proof of meeting it to WEX, your IU Benefit Card will automatically draw all expenses from your Healthcare FSA first, then from your HSA once your FSA funds are exhausted. You also have the option to pay for expenses out-of-pocket, then submit claims for reimbursement to WEX.