Reimbursement Accounts
Save money on healthcare and dependent care expenses with tax-advantaged accounts administered by WEX.
Health Reimbursement Account (HRA)
Employer-funded account to help reduce your deductible responsibility
How the HRA Works
The deductible reflected in the Highmark system is $1,500 per individual, with a maximum limit of $4,500 per family. Bankers and spouses who complete and submit a health affidavit form will receive $250 in deductible credit for each factor that was marked as satisfactory. Factors include:
blood pressure
total cholesterol
body mass index (BMI)
tobacco use
Reduced Deductible
This will potentially reduce your deductible responsibility down to $500 per individual. Children will be combined to work towards meeting the same deductible of $500.
To receive reimbursement for any deductible expenses incurred, submit a claim form and a copy of your explanation of benefits (EOB) to WEX.
Please click on the link below to see a flowchart on how the HRA works. You will also find the claim form for submitting a deductible expense for reimbursement.
Flexible Spending Account (FSA)
This plan is a great way for you and your family to save money by reducing your taxable income. By enrolling in one or both of these accounts, you can pay for eligible, uninsured health and dependent care expenses with pre-tax dollars.
Types of Flexible Spending Accounts:
1. Healthcare Spending Account
This account will reimburse you with pre-tax dollars for health care expenses not reimbursed under your family's health care plan(s). Refer to the Election Form for the maximum amount you may contribute to this account for the plan year.
2. Dependent Care Spending Account
This account will reimburse you with your pre-tax dollars for day-care expenses for your child(ren) and other qualifying dependents. You can contribute up to $5,000 a year or $2,500 if you are married and file separate tax returns.
How FSA Works
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Each year during the Open Enrollment period, you decide how much, if any, you want to contribute to the health and dependent care spending accounts.
The maximum election for the Dependent Care Spending Account (DCA) is $5,000 per year; or $2,500 if you are married and file separate tax returns.
The maximum contribution to your Health Flexible Spending Account (FSA) is $2,750.00 per plan year, or the annual inflation-adjusted amount determined under PPACA.
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Each pay period, the money is deducted in equal increments from your pay before taxes are withheld and deposited into your healthcare and/or dependent care account(s).
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When you have an eligible expense, submit a claim form to WEX for reimbursement. A detailed receipt for healthcare expenses not covered by your medical or dental plans, and/or dependent care expenses, is required.
Claims can be submitted through the WEX mobile app by scanning with your mobile device, or sent by mail, fax, or email. Do not submit the same claim more than once.
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You will be reimbursed for eligible expenses up to the full amount you elected for the Health Care Spending Account for the plan year.
For the Dependent Care Account, reimbursement is limited to your current account balance.Reimbursements can be received via direct deposit by providing your account information in the Wex App.
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You have 90 days from the end of the plan year to submit claims incurred in the previous year, including those incurred during the 2.5-month (75-day) grace period, which ends on March 15, 2027.
Eligibility
The Spending Accounts are voluntary. You may participate regardless of whether or not you are enrolled in a medical plan through your employer.