Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs)
Process Works, Inc. is the administrator of MSU's Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA).
All employees who pay qualified premiums such as health, dental or group term optional life insurance (up to $50,000) will automatically pay for these premiums on a tax-free basis by participating in the Premiums Conversion portion of Cafeteria Plan. If you previously waived this benefit by signing a waiver form, your non-participation status will remain in effect until a change is made by you during an annual open enrollment period.
A Medical Reimbursement Account acts as a supplemental health/dental insurance plan by allowing you to set aside pre-tax money to help pay for expenses not covered by medical or dental insurance. A Dependent Care Reimbursement Account allows you to use pre-tax dollars to help pay for day care and other dependent care services that are necessary in order for you to work.
The Medical Care and Dependent Care Reimbursement Accounts each have an annual minimum contribution of $200 and an annual maximum of $5,000.
FILING CLAIMS
eClaim Filing (Online via Process Works’ Website)
Claims must be submitted by noon for same day reimbursement through direct deposit**
If you have not elected direct deposit**, reimbursement will be mailed that same day as long as the claim has been received by Process Works before noon
Documents substantiating the claim (receipts, itemized statements and/or insurance explanation of benefits statements) must be faxed or mailed to Process Works following the online claim submission.
** The date your direct deposit reimbursement is credited to your account is contingent upon your bank and how often they post to your account.
Traditional Claim Filing
Dependent Care Reimbursement Form
FSA and HRA Reimbursement Form
By FAX, claims received by noon will be processed within two business days. Reimbursements will be mailed or direct deposited** on the third day after submission
By mail, claims will be processed within two business days after receipt of the claim. Reimbursements will be mailed or direct deposited** on the third day after receipt of the claim.
Documents substantiating the claim (receipts, itemized statements and/or insurance explanation of benefits statements) must accompany claim form.
** The date your direct deposit reimbursement is credited to your account is contingent upon your bank and how often they post to your account.
MBI Benefits Card (Debit Card)
MBI Debit Card Request Form
Provides instant access to account funds.
Can be used at most medical, dental, vision, pharmacy or day care locations that accept MasterCard.
The debit card can only be used for eligible products and services as defined by IRS regulations.
Click here for eligible expenses
Documents substantiating the claim (receipts, itemized statements and/or insurance explanation of benefits statements) must be faxed or mailed to Process Works immediately following the debit card transaction. If Process Works does not receive documents substantiating an eligible purchase within 30 days, your debit card will be deactivated.
