Health Spending Account
99% of eligible claims are paid within 1 banking day of receipt.
The remaining claims are adjudicated within 1 banking day of receiving all required information.
| Expense Description |
Cost Distribution |
Occurrence Distribution |
Average Claim Cost |
|---|---|---|---|
| Dental Care | 45% | 19% | $162 |
| Drugs Medication | 20% | 60% | $24 |
| Vision Care | 18% | 6% | $219 |
| Professional Service | 6% | 8% | $53 |
| Insurance Premium | 3% | 1% | $121 |
| Medical Supplies | 2% | 2% | $76 |
| Foot Care | 1% | 0% | $288 |
| Hospital Care | 1% | 0% | $269 |
| Medical Equipment | 1% | 1% | $86 |
| Nursing Home | 1% | 0% | $1,495 |
| Other | 1% | 2% | $50 |
Less than 2% of health spending account claims are declined.
| Reason for Declination |
Occurrence Distribution |
|---|---|
| Ineligible Expense | 0.7% |
| Incurred while not covered | 0.4% |
| Insufficient support documentation | 0.4% |
| Duplicate submission | 0.1% |