June > Be a Wise Healthcare Consumer

Be a Wise Healthcare Consumer

On the lookout for ways to save money? Enroll in UT FLEX!

UT FLEX Health Care Reimbursement Account (HCRA): As a benefits-eligible employee, you can participate in the UT FLEX HCRA and pay for certain out-of-pocket medical expenses with funds set aside from your pay before taxes are withheld.

Eligible expenses which you can pay for with pre-tax dollars include (but are not limited to):

Things to consider when making your UT FLEX HCRA election:

PayFlex Debit Card
Selecting the PayFlex Debit Card ($9 annual fee) with your UT FLEX HCRA election makes using UT FLEX easy and improves your cash flow. By using the PayFlex Debit Card, you do not have to complete a claim form, and purchases are automatically deducted from your available UT FLEX MERA balance. Use the debit card to pay out-of-pocket costs such as deductibles, copayments and coinsurance.

The IRS requires that PayFlex, on behalf of UT FLEX, substantiate the eligibility of debit card purchases.  Most substantiations are made automatically through matching copayment charges and the insurance carrier’s Explanation of Benefits (EOB) information. It is best to keep copies of all debit card transaction receipts in the event you are asked for a receipt.

UT FLEX Dependent Day Care Reimbursement Account (DCRA): If you have work-related dependent day care expenses, pay for those expenses (up to $5,000 per calendar year), file an Express Claim online (or by fax or mail), and be reimbursed with tax-free dollars from your UT FLEX DCRA flexible spending account.

Eligible dependent day care expenses include:

Making your UT FLEX Election
To participate in UT FLEX, you must make your election through the My UT Benefits online enrollment system (even if you are a current UT FLEX participant). Follow these tips:

What’s the current status of your UT FLEX account?

If you have a PayFlex Debit Card, the card may only be used for eligible healthcare expenses. If you make a debit card transaction that does not match a UT insurance deductible, copayment or the carrier’s Explanation of Benefits (EOB) information, you may be asked to provide documentation to substantiate the eligibility of the purchase.

If you’ve made a debit card transaction that requires substantiation, you will likely receive a letter from PayFlex which requests you submit:

If you receive a notice and do not provide documentation by the date identified in the letter, your PayFlex Debit Card may be inactivated until the requested documentation is provided, or documentation from another eligible service (not paid for with your PayFlex Debit Card) is submitted.

Please note: The deadline to incur eligible expenses with your 2010-2011 UT FLEX HCRA election is November 15, 2011, and the deadline to submit claims for reimbursement of 2010-2011 transactions is November 30, 2011.

Log on to the UT FLEX website at www.utflex.com to view the current status of your debit card and your available account balances.