24/7 Account Access
Manage your benefit accounts on the go

Check balances, make a contribution or distribution, manage investment options, and access your benefit accounts with the Consumer Portal and FAB Health mobile app.

Guiding you from account opening through ongoing management

Frequently Asked Questions

Educational Videos

Instructional how-to videos are available in the Consumer and Employer Portals.
 

Qualified Medical Expenses

Is a CDH Plan Right for Me?

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Female voice-over: In a perfect world, medical expenses would always be affordable, but in reality, they cost a bundle.

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Female voice-over: Consumer driven health plans help you save money while paying for uncovered medical expenses with tax-sheltered funds, and because CDHPs cost less than traditional plans, previously uninsured people can finally afford the coverage they want.

There is a plan that fits you perfectly.

From HSAs and high deductible health plans to HRAs and flexible spending accounts, consumer driven health plans put you in charge of your health care.

You decide what procedures, services or medications your funds are used for, and you can start small; there is no minimum contribution.

While we fully manage your employer's CDPH, we also make these plans manageable for you.

Online enrollment is easy.

Our prepay debit card accesses all your tax-free benefits, and our mobile app makes submitting claims and checking balances a breeze, so if your employer doesn't provide a CDHP, take charge; encourage your employer to contact us today.

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What Is a Flexible Spending Account and How Does It Work

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Female voice-over: Having a solid Health Care Plan to fall back on is reassuring, but when expenses that aren't covered by your health plan add up quickly, it knocks your comfort level down a few notches.

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Female voice-over: With a flexible spending account, out-of-pocket health care expenses are covered with pretax dollars.

That means that what you contribute to your FSA is reduced from your taxable income, giving you a significant tax break, and an FSA doesn't just cover out of pocket health care expenses, either.

You can put money aside for daycare expenses with a dependent care FSA, so you are covered on all angles beyond health care, and because it is all with pretax dollars, you're saving yourself a pretty penny.

With an FSA, your funds are available 24/7, giving you the luxury of accessing your account information, transactions, and contributions online, with our Mobile App or with your pre-paid benefits card. For more information on signing up for your Flexible Spending Account, contact your HR provider today.

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Dependent Care FSA Overview

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Female voice-over: It's true raising a child is expensive; in fact, statistics show that it takes more than $250,000 to do so, and that numbera quarter of a million dollarscovers costs from birth through age 18 and doesn't even include college expenses.

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Female voice-over: Outside of secondary education, the top three costs are housing, food and childcare, with childcare averaging more than $37,000 per child.

More than $37,000.

Wouldn't it be great if there was an easy way to save on childcare expenses?

There is!

By taking advantage of a dependent care flexible spending account, you can set aside $5,000 per year per household to use on qualified expenses such as daycare or day camps.

A DCA is a pre-tax account, which means that the money is taken out of your paycheck before taxes and that means savings for you.

Talk to your HR representative to find out if you qualify for a dependent care flexible spending account and start saving today.

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QSE-HRA Overview Video

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Male voice-over: We all know attracting and keeping top talent today can be a challenge.

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Male voice-over: You want to stay competitive, but offering traditional benefits like healthcare can be a budget-buster; but there is good news for employers with fewer than 50 employees.

It's called the Qualified Small Employer Health Reimbursement Arrangement.

The QSE-HRA can help you keep an eye on costs and a leg up on the competition.

A QSE-HRA is designed to help assist employees with insurance premiums, and in some cases, other medical expenses.

How does it work?

Employers set an amount for employee reimbursement that falls within the legal limits.

Employees receive a monthly amount eligible for reimbursement.

Employees submit an invoice each month and collect reimbursement (or set up a recurring claim).

Why choose QSE-HRA?

It's great for the employer.

You choose the amount you can afford, and we do the rest.

Yes, it is that simple.

It's great for your employees.

Out-of-pocket costs are reduced, and it also allows them to choose the health plan that is right for them.

It's great for the business.

Offering a QSR-HRA can help attract and retain employees.

To learn more, just give us a call!

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Commuter Benefits Overview

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Male voice-over: Commuting shouldn't pinch your wallet. Reduce your travel and parking expense by enrolling in commuter benefits. Each pay period an amount you choose is set aside before taxes are paid and loaded to your account.

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Male voice-over: Making payments is easy with your prepay benefits card.

The card is linked to your account so when you pay for transit passes, vanpooling, parking, and other related expenses all you need to do is swipe.

If there isn't enough money in your account, no problem; you can pay the extra using any payment method you like, and you can change your election amount at any time during the plan year.

Any unused balances at the end of the year can be carried over to the next plan year.

Best of all the money spent is tax-free, so you save hundreds each year.

Today's commuting options makes life easier.

Now paying for it can be easy, too.

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HSA Contribution Limits

Limits
Single
Family
Minimum Deductible 2022: $1,400
2023: $1,500
2022: $2,800
2023: $3,000
Maximum Out-of-Pocket 2022: $7,050
2023: $7,500
2022: $14,100
2023: $15,000
Contribution Limit 2022: $3,650
2023: $3,850
2022: $7,300
2023: $7,750
Catch-up Contribution (55 or older) 2022/23: $1,000 2022/23: $1,000
To be an eligible individual and qualify for an HSA, you must meet the following requirements. 1) You are covered under a high-deductible health plan (HDHP) on the first day of that month 2) You covered under an HSA qualified High Deductible Health Plan (HDHP) and have no other health coverage except what is permitted under “Other health coverage” 3) You are not enrolled in Medicare 4) You cannot be claimed as a dependent on someone else’s tax return.
An HSA is a special tax-advantaged savings account similar to a traditional Individual Retirement Account (IRA) but designated for medical expenses. An HSA allows you to pay for current eligible healthcare expenses and save for future qualified medical and retiree healthcare expenses on a tax-favored basis.

HSAs provide triple-tax advantages: contributions, investment earnings, and qualified distributions all are exempt from federal income tax, FICA (Social Security and Medicare) tax and state income taxes (for most states).

Unused HSA dollars roll over from year-to-year, making HSAs a convenient and easy way to save and invest for future medical expenses. You own your HSA at all times and can take it with you when you change medical plans, change jobs or retire.

Funds in the account not needed for near-term expenses may be able to be invested, providing the opportunity for funds to grow. Refer to the Consumer Portal to find out your investment options.

To be eligible to set up an HSA and to make contributions, you must be covered by a qualified high-deductible health plan, or HDHP.
  1. To be eligible to contribute to an HSA, you must be covered by a qualified HDHP and have no other first dollar coverage (insurance that provides payment for the full loss up to the insured amount with no deductibles).
  2. You may use your HSA to help pay for medical expenses covered under a HDHP, as well as for other common qualified medical expenses.
  3. Unused HSA funds remain in your account for later, and may be able to be invested in a choice of investment options, providing the opportunity for funds to grow.
HSAs work in conjunction with an HDHP. All the money you (or your employer) deposit into your HSA up to the maximum annual contribution limit is 100% tax-deductible from federal income tax, FICA (Social Security and Medicare) tax, and in most states, state income tax. This makes HSA dollars tax-free. You can use these tax-free dollars to pay for expenses not covered under your HDHP until you have met your deductible.

The insurance company pays covered medical expenses above your deductible, except for any coinsurance; you can pay coinsurance costs with tax-free money from your HSA. In addition, you can use your HSA tax-free dollars to pay for qualified medical expenses not covered by the HDHP, such as dental, vision and alternative medicines.
 
Contributions
Tax-free contributions to your HSA can be made in a variety of ways, including:
  1. Pre-tax payroll contributions, if available through your employer.
  2. Online transfers — transfer funds directly to your HSA from your linked personal savings or checking account
  3. Send a check to First American Bank Health Account Services for deposit into your HSA.
  4. Rolling over or making a transfer from an existing IRA (Individual Retirement Account) to an HSA, but only once in your lifetime.
Distributions
Distributions from your HSA are used to pay for qualified medical expenses. This can be done by the following methods:
  1. Paying for purchases and medical services using your First American Bank Health Account Services prepaid Mastercard® debit card.
  2. Using online bill pay through your online Consumer Portal.
  3. Requesting self-reimbursement through the Consumer Portal when you have already paid out-of-pocket for qualified expenses.
  4. Paying with an HSA check (fees may apply).
How It Works
Your HSA allows you to save pre-tax income that you can use to pay for qualified short- and long-term medical expenses. It complements your HDHP, giving you an additional method to save specifically for healthcare costs.
For 2022, the maximum contribution for an eligible individual with self-only coverage is $3,650 and the maximum contribution for an eligible individual with family coverage is $7,300. Individuals who are eligible individuals on the first day of the last month of the taxable year (December for most taxpayers) are allowed the full annual contribution (plus catch up contribution, if 55 or older by year end), regardless of the number of months the individual was an eligible individual in the year.
  • HSA accountholders can choose to save up to $3,650 for an individual and $7,300 for a family (HSA holders 55 and older get to save an extra $1,000 - and these contributions are 100% tax deductible from gross income.
  • Minimum annual deductibles are $1,400 for self-only coverage or $2,800 for family coverage.
Annual out-of-pocket expenses (deductibles, co-payments and other amounts, but not premiums) cannot exceed $7,050 for self-only coverage and $14,100 for family coverage.
You can invest a portion of your HSA in a variety of different mutual funds. These mutual funds may provide higher yields than you would otherwise earn if your funds were left solely in your HSA. The HSA is composed of two parts: A checking portion – This is an interest bearing account. You can make deposits, and use your debit card to pay any qualified medical expenses. The checking portion is an FDIC insured deposit account. The investment portion gives you the ability to invest in a variety of nationally recognized mutual funds. Savings held in the investment portion are not insured by the FDIC, not bank guaranteed and may lose value.

Please refer to the Consumer Portal for a listing of investments available to you along with their return rate. Via Consumer Portal, you may choose which mutual funds you wish to purchase and sell. You may use Consumer Portal to review your investments as well as update the percentage allocated to each mutual fund you have chosen. 

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