Is Navia HSA or FSA?
The Navia Benefits Card is loaded with your HSA dollars and can be used to pay for eligible expenses.
What is Navia flexible spending account?
A Healthcare Flexible Spending Account (FSA) is a personal expense account that works with an employer’s health plan, allowing employees to set aside a portion of their salary pre-tax to pay for qualified medical expenses.
What can you use your Navia benefits card for?
qualified health care expenses
The Navia Benefits Card is a debit card you can use for qualified health care expenses. You can use this card at any health care merchant who accepts MasterCard® and is an IIAS* participating merchant. Because the Navia Benefits Card pays your providers directly you don’t have to wait for reimbursement.
How does Navia reimbursement work?
How does it work? The plan operates as a simple reimbursement plan. The employee/dependent visits the dentist of their choice and receives the necessary treatment. The employee will then submit a claim accompanied with itemized documentation to Navia for approval.
Do I have an FSA or HSA?
The most significant difference between flexible spending accounts (FSA) and health savings accounts (HSA) is that an individual controls an HSA and allows contributions to roll over, while FSAs are less flexible and are owned by an employer.
Can I use my Navia card at Walmart?
If your HRA plan is able to utilize the Navia Benefits Card, you’ll be able to use the debit card at any merchant using the Inventory Information Approval System (IIAS) and at any medical providers who use the MasterCard® system. You can also use the card at any 90% rule merchants.
How do I use my FSA balance?
You use your FSA by submitting a claim to the FSA (through your employer) with proof of the medical expense and a statement that it has not been covered by your plan. You will then receive reimbursement for your costs. Ask your employer about how to use your specific FSA.
Can I use Navia card at Target?
Where can I use the Navia Benefits Card? You’ll be able to use the debit card at any merchant using the Inventory Information Approval System (IIAS) and at any medical providers who use the MasterCard® system.
Can I use my FSA card at Walmart stores?
Wal-Mart Stores implements a technology solution to enable customers to use flexible spending account (FSA) debit cards. The internally developed Inventory Information Approval System (IIAS) works by identifying FSA eligible merchandise, which have a unique ID number, as items are scanned at checkout.
How do I get reimbursed from Navia?
If you’ve paid out-of-pocket for eligible services and are requesting reimbursement, you can use the Online Claim Submission tool to access the funds in your Health Care FSA, Day Care FSA, or HRA! Our online submission process provides you with a simple, easy-to-use tool that allows for: Faster claim processing.
Is an FSA a good idea?
If you have any ongoing or expected medical needs you might have to pay for in the upcoming year, an FSA is a great use of your money. The funds can also be used for over-the-counter items such as allergy and sinus drugs, first-aid supplies, digestive health products and home COVID-19 tests.
What is the difference between HSA and flex spending?
Your FSA is owned by your employer. Your HSA account is owned by you and it is portable, which means, if you separate from your job, you can take your HSA funds with you. Contributions made to an FSA are tax-free, therefore amounts are not subject to payroll or income taxes.
Can you buy groceries with a flex card?
IRS regulations allow you to use your Flex Cards in participating local or mail-order pharmacies, discount stores, and supermarkets that can identify FSA/HRA-eligible items at checkout and accept benefit pre- paid cards.
How long does Navia take to reimburse?
within two business days
Once your claim is approved, your reimbursement will appear in your bank account within two business days after the reimbursement date.
Does Navia cover dental?
Direct Reimbursement plans cover any medically necessary dental and/or vision expense including, but not limited to: Bridges. Contacts. Crowns.