Yes, but only between non-HSA pre-tax accounts.
When you use your Pre-tax Forma Card, we’ll first identify which benefits that purchases is eligible for:
- The order we’ll charge is LPFSA, then FSA, and finally HSA
Once we know which benefit we’ll charge first, we’ll check and see if you still have money leftover from a previous year benefit. If it’s still during the previous year’s grace period we’ll charge the amount to your previous year benefit first.
If the transaction amount is more than the balance in your previous year’s benefit, we’ll charge the remaining to your current year’s benefit. Then, if the transaction amount is still not completely covered by that first benefit, we’ll move on to the second benefit.
Please note that the transaction amount must not exceed the total balance among your accounts, 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 2023 FSA during the grace period, then charge the remaining amount to your 2024 LPFSA.
However, if the sum of the 2023 FSA and 2024 LPFSA balance can’t cover the total transaction amount, we’ll instead charge the entire amount to your HSA only.
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.