Health Care Pre-Tax Expense Account
Automatic Reimbursement for Prescription Drugs
Getting your prescription drug expenses reimbursed has never been easier! If you’re enrolled in Penn’s Health Care Pre-Tax Expense Account and have coverage through Penn’s Caremark prescription drug plan, you no longer need to file claims for your eligible prescription expenses. They’re paid from your Health Care Pre-Tax Expense Account balance automatically!
It’s as easy as it sounds: you don’t need to send in any claim forms at all. When your prescription drug expenses are processed by Caremark, they send your claims information directly to Penn’s Pre-Tax Expense Account administrator, ADP. ADP then automatically reimburses you from your Health Care Pre-Tax Expense Account balance. The result? You receive your reimbursement check more quickly and easily! But keep in mind that you still need to save your receipts in case the IRS requires substantiation of an expense.
If you’d like to make the process even more convenient, sign up to have your reimbursements directly deposited into either your checking or savings account. This way you won’t have to cash or deposit each reimbursement you receive and your check won’t be delayed, destroyed, or lost in the mail. You can find the Pre-Tax Expense Account Direct Deposit Authorization on the Human Resources website at www.hr.upenn.edu/Benefits/Forms.aspx.
If you’d prefer to opt out of the automatic reimbursement process, simply call the Penn Benefits Center at 1-888-PENNBEN (1-888-736-6236).
Remember that if you opt out of the automatic reimbursement process or if you’re not covered by Penn’s Caremark prescription plan, you’re still required to file claims for any eligible prescription drug expenses manually. And claims for all other eligible Health Care Pre-Tax Expense Account expenses must be filed manually—this automatic feature only applies to eligible Caremark prescription drug expenses.
If you have any questions, please contact the Penn Benefits Center at 1-888-PENNBEN (1-888-736-6236).