800.982.7715 www.chard-snyder.com
FSA Benet Card v8.20
Am I Eligible for a Flexible Spending Account?
In general, all you need to be eligible for an FSA is to be employed by an
employer who oers an FSA. Unlike the HSA, you are not required to have a
High Deductible Health Plan. And you should not be enrolled in a healthcare
FSA if you are contributing to a health savings account (HSA).
How Do I Access My Flexible Spending Account Funds?
You can always request a distribution by filing a claim, but the Chard Snyder
Benefit Card provides an easy, simple way to use your FSA funds to pay for
eligible items and services. It works just like a debit card, but because of smart
technology, it can only be used to pay for expenses that are eligible according
to the IRS guidelines.
The Benefit Card eliminates the need to pay out-of-pocket, submit a claim
form and wait for your reimbursement. Simply swipe your card at the doctor’s
oce, the dentist’s oce or at the pharmacy, for example, and the funds are
automatically deducted from your flexible spending account.
The information contained in this publication is not, nor is it intended to be, legal or tax advice. Federal regulations may change plan features
without notice at any time. © 2020, Chard Snyder & Associates, LLC. All rights reserved.
Chard Snyder
Website
www.chard-snyder.com
Access your Chard Snyder
account from the home page
by clicking on the blue login
tab at the top of the page.
You will receive your account
access information once you
are enrolled in a plan provided
by Chard Snyder.
Chard Snyder
Customer Service
askpenny@chard-snyder.com
Contact us by sending an email,
chat with us by clicking on the
Live Chat icon found on the
home page of our website, or
give us a call.
Why do I need to save my receipts?
To confirm that you made an eligible purchase or received eligible services,
you may be asked for copies of itemized receipts, statements, or Explanation
of Benefits (EOB) from doctors’ and dentists’ oces, hospitals, and stores
that do not automatically verify eligible expenses.*
If so, take a picture of your paperwork with your mobile device and you can
submit it through our mobile app, upload online, attach it to an email, or
send us a paper copy by fax or mail. Chard Snyder is obligated to review FSA
transactions to make sure they are eligible according to the IRS guidelines.
*Once you provide the requested information of a Benefit Card transaction that is not recognized as
eligible, the transaction in question is normally verified quickly. If you do not provide the requested
documentation, your Benefit Card may be suspended from use.
• A simple way to pay
• Pay for eligible expenses
• Directly from your FSA
• Your card is good for 5 years
• Save your receipts
We want to help you
get the most out of your benefit.
The Chard Snyder Benefit Card
Do you still have the Benny prepaid benefit card? You may use it until the date
shown on the front. You will receive the new Chard Snyder Benefit card just
before your Benny expires.