When you use your Pre-tax Forma Card, we’ll first identify which benefits that purchase is eligible for:
- The order we’ll charge is LPFSA, then FSA, and finally HSA
Forma's system will use the current year's funds for any transaction. Previous year's funds, including transactions that take place during a grace period, will not be used.
Please note that the transaction amount must not exceed the total balance, otherwise, it will be declined.
Example: Imagine you have the following benefits:
- A 2023 FSA with a grace period
- A 2024 LPFSA
- And an HSA
If you make a large transaction with your Pre-tax Forma Card, we’ll first use the balance in your 2024 LPFSA then charge the remaining amount to your HSA (*a split charge is not automatic, see below for more information). Your 2023 FSA funds will not be used.
Example 2: Imagine you have the following benefits:
- A 2023 FSA with a grace period
- A 2024 FSA
- And an HSA
If you make a large transaction with your Pre-tax Forma Card, we'll first use the balance in your 2024 FSA, then charge the remaining amount to your HSA (*a split charge is not automatic, see below for more information). Your 2023 FSA funds will not be used.
*Forma will not split transactions among non-HSA and HSA accounts. For example, when you go to the dentist and use your Pre-tax Forma Card to pay for the visit, we’ll see if you have an LPFSA or FSA with sufficient balance to cover the transaction. If not, we will check if you have an HSA with sufficient balance to cover the transaction. If not, the transaction will be declined.
The Pre-tax Forma Card can’t split a transaction amount between non-HSA and HSA accounts at a single swipe. You will need to ask the merchant to split the transaction before you use your Pre-tax Forma Card.
Your FSA, LPFSA, DCFSA, Transit, Parking, and HSA, are on the same pre-tax Forma card, and your employer-sponsored accounts will be on a separate card. Please note that if your employer-sponsored accounts are enabled to use the Forma Card, you should use the employer-sponsored Forma Card to access those funds.