Nov/Dec 2011 vol 3
Are Debit Card Receipts Required?
Hints About The Flex Debit Card
Some employers offer
the Flex Debit Card as a convenient enhancement to a Medical Flexible
Spending Account (FSA). As is typical for this time of year, Crosby
sees a significant increase in Debit Card usage. Using your Flex
Debit Card enables you to pay your provider directly from your FSA.
However, we'd like to remind you that you may be asked to submit
supporting documentation for some FSA purchases.
documentation may be required for:
(if not enrolled in employer's medical plan)
► Vision and dental expenses
► Other non-confirmable transactions
In general, you are not required to submit supporting documentation
► Recurring expenses (the amount and merchant information charged
each time must match exactly for each successive expense to qualify
► Co-payments (if enrolled in employer's medical plan)
► IIAS retailers
Debit Card Hints:
IIAS Retailers are among the easiest places to use your Flex Debit
Card (e.g. CVS, Walgreens, Stop and Shop). These merchants have coded
FSA Eligible items so that anytime you purchase an FSA Eligible
product, your transactions automatically approve and you will not
have to submit supporting documentation.
you make a purchase at a Non-IIAS Pharmacy (e.g. an in-hospital
pharmacy) and you purchase more than one prescription and the copay
amounts are different, request that the pharmacy swipe your card
separately, once for each prescription. This way, each prescription
(of a various employer plan copay amount), will be automatically approved
in our system.
Don't leave the Dentist or Optician without a DETAILED RECEIPT (or
itemized billing statement). Credit Card receipts are not sufficient.
Most Dental and Vision transactions will require that you provide
supporting documentation to have the transactions approved. Click here
to see what information is required on your supporting documentation.
Explanation of Benefits (EOBs) are the best form of substantiation
for medical and dental transactions.
For more information about your Flex Debit Card, you may visit the FAQ section
within the participant area of CrosbyBenefits.com.
Get Your Money Faster!
Take Advantage of Direct Deposit and Our Online Claims
You will save time
(and the cost of a stamp) when you submit your Medical and Dependent
Care FSA claims online via MyCrosbyBenefits.com.
Our goal is to offer you speedy processing options and our claims
processing turnaround time has never been faster. Once a claim is
received into our processing queue, you can expect your claim to be
reviewed and distributed within about two business days (mail
delivery, employer reimbursement schedules and bank processing times
Get Direct Deposit
and receive reimbursements directly into the bank account of your
As always, we encourage our Reimbursement Account Holders to Go
Green! Enroll Now
to receive communications electronically (e.g. Debit Card, Claims
Submitted, Denial Notifications).
2012 Pre-Tax Limit Adjustment For Commuter Benefits
Transit Cap Reduced to $125, Parking Increased to $240
The IRS recently
announced the 2012 pre-tax limit cost of living increases. The
pre-tax limit for the transit benefit will be $125/month and the
parking benefit will be $240/month.
As part of the 2010 American Reinvestment and Recovery Act (ARRA),
language was included that temporarily established an equal fringe
benefit amount of $230/month each for both parking and transit. The
provision was extended for 2011 but is set to expire at the end of
this calendar year. Unless action is taken by Congress the new
pre-tax amounts will take effect. The pre-tax limit changes will be
implemented for either the January or February benefit months,
depending on your employer.
Crosby will take steps to make all necessary changes as they relate
to our ordering platform and claims processes and we will keep you
informed of any new developments as they occur.
Community Servings Volunteer Outing
Employees Give Back
In September, several Crosby
employees donated their time to the volunteer program Community
Servings, a non-profit organization located in Jamaica Plain.
Community Servings provides healthy and nutritious meals to
individuals and families residing in the greater Boston area living
with critical and chronic illnesses. The goal of the program is to
help those in need maintain their independence by delivering meals
Crosby volunteers learned about the organization and safe food
handling and then prepared meals in an assembly-line fashion, with
each person at their own station. Strict cleanliness precautions were
followed, as many Community Servings recipients have compromised
immune systems. Some volunteers assisted by adding a protein, starch
or vegetable dish to meal containers while others sealed packages
that would be frozen and delivered at a future time.
There are many ways to
contribute to Community Servings, including meal preparation,
packaging and/or delivery and food or monetary donations. In October,
Community Servings kicked off its 14th annual "Pie in
the Sky" pie sale. Pies are $25 and proceeds from the
sale of one pie will help feed an individual for one week. To learn
more about the Pie in the Sky pie sale, you may visit pieinthesky.org
or visit the Community
Servings website about how you can help.
Everyone at Crosby who
volunteered had a fantastic time working with Community Servings. We
are excited about future volunteer opportunities with Community
Servings and other local organizations.
Commuter Nation Is Here
Building Commuter Benefit Awareness
Commuter Nation is
here! This interactive site targets current and potential commuter
participants by offering a forum to promote awareness about pre-tax
commuter benefits and offers ways to save you money on your commute.
Take a tour or sign up for the "Daily Commute," a daily
email that provides commuting tips and promotions from the site's
sponsors, as well as general commuter news.
Crosby CONNECT is intended for Crosby Participants
(employees of Crosby clients).
© 2011 Crosby Benefit Systems, Inc.