Who owns BenefitWallet?

Conduent Human Resource Services
BenefitWallet is a solution offered by Conduent Human Resource Services and is one of the nation’s top health account administrators. With The Bank of New York Mellon as our custodian, we manage over one million accounts and serve employer customers of all sizes.

What is BenefitWallet?

Beyond health account administration, BenefitWallet is a unique web-based experience that simplifies health care by connecting the dots between health care and spending. Our HSA solution was first brought to market in 2004, when Congress passed the legislation enabling HSAs.

Is BenefitWallet an HSA?

With a BenefitWallet® HSA, it’s your money to save, spend or invest.

What does my BenefitWallet cover?

These typically include dental, vision, chiropractic, and many more day-to-day health care expenses. The funds in your account can be used for other non-medical expenses, but distributions used for non-medical expenses are subject to ordinary income taxes, plus a 20% penalty if you are under age 65.

How do I cancel my BenefitWallet HSA account?

Closing an account: To close an HSA, the member must call the BenefitWallet Service Center. Using HSA funds for non-qualified expenses: If the HSA funds are used for costs other than qualified medical expenses, those distributions will be subject to ordinary income tax and, in some cases, a 20 percent penalty.

How do I check my benefit Wallet Balance?

How can I find out my account balance and review transactions?

1. Logging on to your online account at any time for balance information. Your online account is secure and updated in real time.
2. Calling the BenefitWallet IVR at any time for automated account balance information.
3. Contacting the BenefitWallet Service Center.

Can I withdraw money from my BenefitWallet?

Yes, you can make withdrawals or balance inquiries at ATMs. Withdrawals are limited to $500 per day. Refer to your HSA fee schedule for applicable fees. The bank owning the ATM may assess additional fees.

What can I use my HSA for BenefitWallet?

In addition, HSA funds may be used to pay your Medicare Part A and B premiums and for employer-sponsored retiree plans….Examples of qualified medical expenses include out-of-pocket expenses for:

• Medical deductibles.
• Coinsurance.
• Dental care.
• Prescription drugs.
• Vision care.
• LASIK surgery.
• Hearing aids.
• Braces.

How do I invest in HSA BenefitWallet?

Investing can begin after the HSA Checking Account balance reaches $1,000. HSA dollars can be automatically transferred into, out of, or within a selection of mutual funds with the schedule set by the member. Additional investment funds can be added online, at any time.

Can I pay my wife’s medical bills with my HSA?

Can I use my HSA funds to pay for my spouse’s medical expenses? You definitely can, even if your spouse doesn’t have an HSA or a HDHP. You can also use your HSA funds to pay for the medical expenses of any dependent children claimed on your income tax return.

How do I check the balance on my benefit Wallet Card?

What happens to my HSA if I leave my company?

Your HSA is yours and yours alone. It is yours to keep, even if you resign, are terminated, retire from, or change your job. You keep your HSA and all the money in it, but keep in mind that there may be nominal bank fees if you are no longer enrolled in your HSA through your employer.

Does BenefitWallet have an app?

The BenefitWallet app is a secure, interactive mobile application for members to access their account information. Log in to the app with your existing BenefitWallet User ID and password.

Can I use my benefit Wallet card at an ATM?

Can I use my card at an ATM? Yes, you can make withdrawals or balance inquiries at ATMs. Withdrawals are limited to $500 per day. Refer to your HSA fee schedule for applicable fees.

Can I transfer money from my HSA to my bank account?

Online Transfer – On HSA Bank’s Member Website, you can transfer funds from your HSA to an external bank account, such as a personal checking or savings account. There is a daily transfer limit of $2,500 to safeguard against fraudulent activity.

Are condoms HSA eligible?

Condoms: HSA Eligibility. Condoms are eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement accounts (HRA). They are not eligible for reimbursement with dependent care flexible spending accounts and limited-purpose flexible spending accounts (LPFSA).

How do I rollover my HSA to BenefitWallet?

How do I rollover funds into a BenefitWallet Account? Send a check written by you from your existing HSA or a personal check made payable to The Bank of New York Mellon and a BenefitWallet deposit slip to: Make sure to check the box on the deposit slip labeled Check here if this deposit is a rollover.

Can I use my HSA for my dog?

Service animals Thankfully, service animals fall under the category of qualified medical expenses, and you can pay for them with your HSA funds. You can also use your HSA to cover any veterinary care your service animal may need, as well as their food.

Can I use my HSA for gym membership?

Can I use my HSA for a gym membership? Typically no. Unless you have a letter from your doctor stating that the membership is necessary to treat an injury or underlying health condition, such as obesity, a gym membership isn’t a qualifying medical expense.

Can I use my HSA account for gas?

Fuel, gasoline for medical care reimbursement is eligible with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA).