What is tri-ad?
TRI-AD is a total benefits administration firm that serves the unique needs and requirements of mid-market employers.
What is PayFlex used for?
The PayFlex Card is your account debit card. It helps make it easier for you to spend the money in your PayFlex account. You can use this card to pay for certain eligible expenses. Eligible expenses may include doctor and dentist visits, hospital stays, prescriptions, and hearing and/or vision care.
How does PayFlex FSA work?
We’ll show you how simple it is to pay for your eligible expenses: Use the PayFlex Card®, your account debit card: When you use the PayFlex debit card (if offered), your expense is automatically paid from your FSA. Pay yourself back: Pay for eligible expenses with cash, a check or your personal credit card.
What bank does Tri-ad use?
Because TRI-AD is not a bank, we have a relationship with UMB Healthcare Services to act as the account custodian. We share information with UMB to make the process as seamless as possible. You access your account directly when you log into TRI-AD’s website.
Where can I use my tri-ad benefits card?
Use your card only for your accounts administered by TRI-AD. 1. Incur your eligible expense at the doctor, dentist, pharmacy, drugstore, etc. 2.
Who owns Tri-ad?
Curtis D. Hamilton, MSPA, EA, MAAA is the Founder and Chairman of the Board of TRI-AD (corporate name is TRI-AD Actuaries, Inc.) based in Escondido CA. TRI-AD is recognized as one of the leading benefits and design administration firms in California.
What is covered in a payflex FSA?
This could be medical, vision, dental, prescriptions, plus over-the-counter stuff like pain relievers or cold and flu medicine. You can also pay for deductibles, co-pays, and co-insurance.
How do I check my Mercer marketplace HSA balance?
Step 1: Log on to Mercer Marketplace 365. Step 2: Click on the “View Your Savings and Spending Accounts” link. Download the Your Accounts mobile app now!
What expenses are eligible for flexible spending account?
The IRS determines which expenses are eligible for reimbursement. Eligible expenses include health plan co-payments, dental work and orthodontia, eyeglasses and contact lenses, and prescriptions. This type of FSA is offered by most employers. It covers medical, dental, vision, and pharmacy expenses.
What can I use my Mercer HSA for?
The Mercer Marketplace HSA is a tax-exempt plan that works in conjunction with a medical High Deductible Health Plan (HDHP) and allows you to pay for out-of-pocket eligible expenses with tax-free dollars. This includes deductibles, coinsurance, copayments, prescription drugs and more.
Can you buy laundry soap with HSA?
Soap is considered a general use product and not primarily use for the treatment, prevention or diagnosis of a medical condition and therefore is not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA), limited-purpose flexible spending …
What is the financial aid toolkit?
The Financial Aid Toolkit provides federal student aid information and outreach tools for counselors, college access professionals, nonprofit mentors, and other advisors. Understand the basics of federal student aid, the FAFSA ® process, and loan repayment.
How can TRI-AD help you?
TRI-AD can help provide a tailored solution that works for your organization and your employees. The Health Savings Account (HSA) is a tax-exempt account that works in conjunction with a High-Deductible Health Plan (HDHP) to allow participants to pay for out-of-pocket healthcare expenses with tax-free dollars.
What is the difference between an HRA and an FSA?
Similar to the Health Care FSA, HRA funds can be used to pay for health care expenses that are not covered by insurance for the participant, their legal spouse, and eligible dependents. HRAs are funded only by the employer so employees cannot make any contributions to the account.
What is a Dependent Care FSA?
A Dependent Care FSA is a great way to save money by using pre-tax funds to pay for certain care-related expenses for qualified dependents such as children, a disabled spouse, or legally dependent parents. Your organization can help relieve some of the financial burden and stress that arises with dependent care.