What is the Social Security Flex card?
What is the Social Security Flex card?A Flex Card is a stored value card that reflects the balance of your...
HEALTH
What is the purpose of a copayment?
What is the purpose of a copayment?Insurance companies use copayments to share health care costs to prevent moral hazard. It...
What is the new flex card for seniors?
What is the new flex card for seniors?What is a flex card? Flex cards are tied to health insurance, and...
What is an example of a copayment?
What is an example of a copayment?A copay, or copayment, is a predetermined rate you pay for health care services...
Can you use a flex spending account with Medicare?
Can you use a flex spending account with Medicare?In terms of other health coverage, you cannot have a flexible spending...
Do I have to pay a copayment?
Do I have to pay a copayment?Copays do count toward your annual out-of-pocket maximum since they are all out-of-pocket expenses....
Can you buy food with a flex card?
Can you buy food with a flex card?Yes! You can use your Health Savings Account (HSA) or Flexible Spending Account...
Who receives the copay?
Who receives the copay?A copayment is a defined dollar amount a patient pays for medical expenses. With many health insurance...
Who Cannot participate in an FSA?
Who Cannot participate in an FSA?Can owners or partners participate in an FSA? No. According to IRS guidelines, anyone with...
Are FSA worth it?
Are FSA worth it?Access to Pre-Tax FSA Funds A health care FSA is also “worth it” to account holders because...
