Flexible Spending Accounts

The phrase “before-tax dollars” refers to income not subject to FICA, federal or state income taxes. You are already saving money under the Plan by having the premium for your health insurance coverage through the College deducted before taxes. Many individuals also take advantage of additional tax savings by establishing Spending Accounts to pay for qualified medical care and/or dependent care expenses.

 

Download the Inspira Financial Mobile app here

Staying up to date on Inspira Financial Card® transactions is now even easier! If Inspira Financial needs documentation for card transactions, employees no longer have to wait for a Receipt Request Letter. When members sign up for the Debit Card Substantiation Notification, they'll receive an electronic notification. The message they receive will depend on the card-related event.

Scenario #1

The member uses their Inspira Financial debit card. The merchant approves the card at the point-of-purchase. Inspira Financial has not substantiated the card transaction yet.

MESSAGE SENT

Please save the receipt for your card transaction at (Merchant Name) in case we need to verify the expense.

Scenario #2

The member uses their Inspira Financial debit card. The merchant processes the debit card transaction. Inspira Financial substantiates the card transaction. The member can view the transaction online.

Message Sent

Your card transaction of <$XX.XX> at (Merchant Name) has been substantiated. No further action will be required.

Scenario #3

The member uses their debit card. The merchant processes the card transaction. Inspira Financial is unable to substantiate the transaction. The member can view the transaction online.

MESSAGE SENT

Your card transaction of <$XX.XX> at (Merchant Name) will require documentation. Login online to learn more.

How do members sign up for this notification?

Log in to the Inspira Financial member portal. At the top of the page, click Account Settings, then Account Notifications, then Email, text message and online notifications.  Select Inspira Card, card expense verification, card used for payment, and type of notification desired.   Then save.