We Have Moved! New address: 22811 Greater Mack - Suite 201 - St. Clair Shores - MI - 48080 New Fax Number: Toll Free (866) 205-0585     ATTENTION FLEXSAVE CUSTOMERS!!!  Senate Finance Committee Wants to End Your Tax-Free Benefits: The senate finance committee recently discussed a proposal which would have dire consequences on a thriving industry and leave Americans facing increased taxes and loss of benefits. At FlexSave, we typically don't take a stance on these types of industry or market-related circumstances. However, in a situation like this, we must speak up due to its direct impact on us, the community, and the nation. We are compelled to make citizens aware of the impact of the proposed reform and encourage everyone to express concern to their senators and congressman. On May 20, the Senate Finance Committee met in Washington to outline options for potential health care reform designed to fix the amount of uninsured in this country. The document issued is titled, "Financing Comprehensive Health Care Reform: Proposed Health System Savings and Revenue Options." In this document, the senate outlines a variety of options which include repealing, capping or reducing the employer-exclusion and eliminating pre-tax benefits like flexible spending accounts (FSAs), health savings accounts (HSAs), and health reimbursement arrangements (HRAs). There are currently over 48 million Americans participating in flexible spending accounts, and hundreds of thousands working in the flex spending industry. Taking away these benefits and closing the industry would have a devastating effect on thousands locally, and across the country. Millions would lose pre-tax benefits that help them pay for out-of-pocket medical expenses, daycare, and health insurance. In addition employers will be forced to increase employee costs because of a proposed reduction or elimination of the health insurance tax credit. Health insurance costs to employees will become exacerbated coupled with the fact that they lose the pre-tax savings on health expenses, insurance premiums, child care etc. All of these negative effects will come about to fix roughly 15% of the population that do not have health insurance. The Senate is going to negatively impact the 85% that have insurance and affect the 48,000,000 employees who use FSAs, HRAs and HSAs. Contact your local Congressman or Senate to voice your opinions about this proposal. For more information about the Financing Comprehensive Health Care Reform: Proposed Health System Savings and Revenue Options please contact us or visit: http://finance.senate.gov/sitepages/legislation.htm

IMPORTANT UPDATE: Effective 01/01/2009 New IRS Rule Which Pharmacies You Can Use Your FlexCard At Any stores not participating with the auto-adjudication IIAS functionality by January 1st, 2009 will not be able to accept our FlexCards.  Merchants must be certified and fully operational by the start of 2009.  The IRS will not allow FlexCards to be used at any non-certified merchant.  This goes for all pharmacies and retailers that have been able to accept our FlexCards in the past.  The stores that are already compliant are not affected.  If you do not wish to switch to an IIAS certified pharmacy, what you will need to do is pay for your Rx's and OTC Meds with another form of payment and submit them to our claims department.  To see if the pharmacy you use is on our list of certified merchants or to see if they will be, click on the link:                                                                                  IIAS MERCHANT LIST Please note that Pharmacy Benefit Managers (PBM's) such as Medco Health Solutions, Aetna Rx Home Delivery, and Pharmacare will not be affected by this ruling.  They will not be approving your claims automatically but they will not be required to join the IIAS.

 How FlexSave Works

The FlexSave Convenience card system automates the process of paying for eligible pre-tax account expenses. It enables employees to use the card only at eligible FSA locations wherever MasterCard or Visa is accepted – from physician and dental offices to pharmacies and vision service locations. Approved expenses are automatically deducted from their pre-tax account. The card can also be used for Dependent Care, Transit, and Health Reimbursement arrangement.

                With Flex Convenience                 Everyone Benefits!

Employers

• Drives FICA tax savings by increasing FlexSave account participation and contributions

• On average, employers realize a 28% increase in overall dollars contributed to their FlexSave account plans

• Adds value to employee benefits at no additional net cost

• Means of offsetting rising healthcare costs

• Reduces paperwork and administrative burdens

Employees

• Provides instant access to FlexSave account funds       No need to use out of pocket dollars

• Virtually eliminates claim forms

• No more waiting for reimbursement checks

• FSA, Dependent Care, Transit, and Health Reimbursement arrangements can all be handled on one card

• Employees can check their available account balance 24 hours a day via secure Internet access 

PDF Files

• Flexible Spending Account

• Health Reimbursement Arrangement