As year-end approaches, help your clients and their employees make the most of their Anthem Spending Accounts. Encourage them to take three simple steps to avoid missing opportunities and better manage their healthcare dollars.
1. Gather and submit FSA receipts
Employees with flexible spending accounts (FSAs) should review their transactions and gather receipts for eligible expenses. Encourage them to:
- Confirm their plan’s documentation requirements and submission deadlines.
- Check recent transactions and reimbursement activity.
- Collect receipts for eligible medical, dental, vision, and dependent care expenses. Keeping receipts organized can make it easier to respond to requests for documentation and avoid reimbursement delays.
- Submit required receipts or documentation through the Anthem Spending Accounts platform.
2. Explore HSA investment options
Health savings accounts (HSAs) can help employees save for current and future healthcare expenses, including those in retirement. Employees who meet their plan’s investment threshold may be able to invest part of their balance to help grow their savings over time.
Encourage employees with sufficient HSA savings to consider:
- Whether they’ve met the plan’s investment threshold.
- Available investment options and associated fees.
- Their financial goals and their comfort with investment risks.
- How much to keep for near-term healthcare expenses.
3. Check remaining FSA funds
Before plan deadlines pass, employees should review their FSA balances and consider upcoming eligible expenses. They can also review eligible expense resources for ideas on using remaining funds.
Remind your clients that FSA rules vary by plan. Employees should confirm any carryover limits, grace periods, and deadlines for spending funds and submitting claims. Unused funds may be forfeited.
Help your clients plan ahead
Sharing these reminders with your clients can improve employee engagement and help them get more value from their benefits.
For more information about Anthem Spending Accounts, contact your Anthem representative.