Upon approval, your funds will be available right away! You will get access to a virtual card through the Lane Health Portal or Lane Health mobile app, and can add it to your Apple Pay or Google Pay digital wallet by following our step-by-step guide.

Anywhere VISA is accepted for eligible healthcare expenses. You can check out a complete list of covered expenses here.

The Card is not limited to certain networks or providers.

Adding your PayWoot Health Spending Card to your digital Apple Pay or Google Pay wallet is simple! You can follow our step-by-step guide here.

You can use the Card for medical, dental, hospital, vision, prescription expenses, and more. It even covers things like hearing aids, nursing care, and immediate care facilities. 

Yes. Our partner, Lane Health, is sensitive to the fact that the likelihood of getting into medical debt increases with longer term loans. Instead, we provide a lengthy, but not overly-extended repayment window that allows you to break larger expenses into smaller repayments.

It is—so there's no compounding interest² to worry about. Fees on a 12-month loan term (for anything other than a hospital expense) range from 8-13% of the loan's balance.

Four months for all healthcare expenses and twelve months for hospital expenses.

Yes. Because the Card is a VISA card, it can be used for others in the same way you would use any other card.

No. This Card works with or without a linked spending account. Upon approval, you are assigned a credit limit that can be used to pay for qualified healthcare expenses. If you have linked your spending account, you can use the pre-tax funds available to pay back the Card at your discretion.

When you apply for the Card, you can link your eligible Health Savings Account (HSA) during the signup process or later in the cardmember portal.

You pay no annual fees.1 We don't charge interest.1  You can take advantage of 0% financing options1 for the following qualified expenses:

• Hospital for 12 months
• Other healthcare for 4 months

For all other types of healthcare bills we do charge origination and periodic finance fees that total between 8-13% of the original loan amount over 12 months (see chart for how this varies by loan amount). Specifically, we charge a 5% origination fee plus periodic finance fees (charged four times over the 12 months and gets smaller as you pay back your loan).

Yes, only qualified healthcare expenses are approved. As is currently the case with HSAs, it's always up to you to ensure that expenses are considered qualified healthcare expenses. And as is currently the case with FSAs, expenses must be substantiated. A comprehensive list of qualified expenses can be found on the IRS website: https://www.irs.gov/forms-pubs/about-publication-502.

Yes. When the Card pulls available funds from your linked Health Savings Account, those actions will be visible as transactions by the Health Savings Account administrator. Our partner, Lane Health, will be listed as the merchant for these transactions, and you will be able to view these transactions like you would any other transaction from your account. In addition, all transactions, including payments through the linked account, will be visible on the Lane Health mobile app portal (bewell.lanehealth.com) and periodic statements. 

Yes. Loan repayments will be done in 12 equal installments, monthly.

You can link your Health Savings Account or your bank account to make payments towards your outstanding Card balance. Additionally, you can call in to make a payment.

The PayWoot Health Spending Card will only approve up to your credit limit. Any purchase attempt that exceeds your credit limit will be declined. 

Yes, you can. Every loan (defined as new charges during the statement period) will be defaulted to a 12-month repayment option (with fees) but you have the option to select 'Pay in Full' or 'Pay in 4 installments' (without fees1. You can select the repayment options at any time between the statement date (the date when the new charges are consolidated into a loan) and the day before the Due Date (which will be 14 days after the statement date).