What does my Discovery Benefits card cover?

What does my Discovery Benefits card cover?

You can only use your Discovery Benefits debit card for dental and vision expenses. If your plan allows, once you meet your annual deductible, you may use your Limited Health FSA (but not your card) for all eligible IRS expenses. Check your Summary Plan Description for details about the Limited Health FSA.

Is Discovery A benefit of health insurance?

Discovery Benefits is the Health Savings Account (HSA) vendor. An HSA enables members enrolled in the High Deductible Health Plan to pay for covered medical, dental, and vision expenses with pretax dollars. HSAs provide an opportunity for long-term planning for medical costs. You own the money in the account.

Can I use my Discovery Benefits card for prescriptions?

You can use it to pay for day care, medical, and prescription drug costs that are not covered by insurance. Getting money from your account is simple. With the benefits debit card, you can pay your provider directly from your account. You can also submit expenses through our toll-free fax or via email.

Can I withdraw money from my discovery benefits card?

You can withdraw funds for qualified medical expenses anytime, tax-free. When you reach age 65, you can withdraw your money without penalty and use it for whatever you want.

What can I spend my discovery benefits on?

You can use your Discovery Benefits Debit Card for dental and vision and/ or preventive expenses only. If your plan allows, once you meet your annual deductible, you may use your Limited Health FSA (although not your card) for all eligible IRS expenses.

Does discovery now have Wex benefits?

Discovery Benefits is now known as WEX. As a result, there will be upcoming brand changes that will impact your flexible spending, health savings, and commuter benefits accounts. You’ll notice changes in brand name and logos to the online account and mobile app, including where you go to log in.

Where can I use Discovery Benefits?

How can I spend my FSA funds? The WEX benefits debit card works anywhere that offers an Inventory Information Approval System (IIAS) or at merchants that meet the IRS’ 90 percent rule. If used at an IIAS merchant, simply swipe your card to have any eligible expenses automatically approved.

Can I use my discovery benefits card at the ATM?

PINs will only allow you to pay for eligible goods and services at the point-of-sale; cash-back and ATM transactions will not be allowed.

How do I use my discovery benefit debit card?

How do I withdraw money from Discovery Benefits?

Distributions are tax-free for qualified expenses that are incurred while you are an HSA accountholder. Simply request your distribution online at www.DiscoveryBenefits.com. Payment will be made based on available funds in the account. You can request payment be made directly to your provider.

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