As of July 1, 2018, Independence has contracted with a new,
independent, spending account administrator for Independence members.
You can expect to see some differences in how your spending account
Explanation of Payment (EOP) will appear as the transition occurs. The new EOPs
will be sent along with a physical check payment. Note: Spending
account payments will no longer be made via
electronic funds transfer.
Members with spending accounts will be transitioned to the new account
administrator as follows:
- New HSA, HRA, and FSA members will be assigned to the new account
administrator effective July 1, 2018.
- Existing HSA, HRA, and FSA members will be assigned based on plan renewal
dates beginning with September 1, 2018, effective dates. Customers will
continue to use the current method of spending account payments until their
renewal date.
More information about this change will be published in a future
Partners in Health UpdateSM article.