If you have a High Deductible Health Plan (HDHP), the IRS requires you to pay a minimum amount out-of-pocket for medical expenses before you can start being reimbursed through your employer’s Maven Wallet program.
For 2024, the minimum deductible is:
- $1,600 for individuals
- $3,200 for families
Note: You can use any eligible medical expenses towards this deductible, not just fertility-related ones.
How to prove you’ve met your deductible
When you apply for Maven Wallet, we’ll ask for your health plan information to confirm your deductible and out-of-pocket spending. You may be asked to submit a copy of your Explanation of Benefits (EOB) from your insurance or upload invoices and receipts Once your deductible has been met, Maven can begin to reimburse for eligible expenses.
Can I use HSA/FSA funds?
Expenses paid for with Health Savings Account (HSA) or Flexible Spending Account (FSA) funds, cannot be reimbursed by Maven Wallet because they’re already tax-advantaged dollars (this would be considered “double dipping” into a tax benefit).
However, you can use your HSA/FSA funds to pay for initial out-of-pocket costs that count toward your minimum statutory deductible. Just remember, you still need to meet the full deductible amount ($1,600 for individuals or $3,200 for families in 2024) with qualified medical expenses.