Multi-factor authentication is an important tool for keeping yourself cyber secure online. You cannot have both a Limited Purpose FSA and a Medical FSA, nor can you have a Medical FSA and be enrolled in a high-deductible health plan (HDHP) with a health savings account (HSA).

You can enable multi-factor authentication so that you have to enter a PIN (something you know) and scan your fingerprint (something you have).Д«iometrics are a convenient form of authentication because you have them readily available. Flexible Spending Arrangements (FSAs) allow you to set aside pretax money from your paycheck to pay for out-of-pocket health care costs. Your voice is analyzed based on its acoustics and individual characteristics like your accent, speech rhythm, and vocabulary.ДЄs an example of multi-factor authentication that uses biometrics, consider your cell phone. Biometrics refers to the measurement and use of your unique body characteristics, such as your fingerprint, facial structure, or speech patterns.Д«anks and investment firms commonly use voice recognition when you call them to verify your identity. If you lose your debit card, or someone steals it, your PIN provides an added layer of security Something you are (a biometric)Д«iometrics are an example of the third authentication factor, something you are. ItвЂ™s a great example of multi-factor authentication at work: Your bank card is one means of identifying who you are. Your PIN (something you know) is your second authentication factor. However, to access your account, you also need to enter the PIN that is associated with your debit card. Your debit card (something you have) is one authentication factor. But these credentials are an example of single-factor authentication.ДЄs an example of multi-factor authentication, imagine you are at an ATM so that you can withdraw money from your bank account. These log-in credentials are pieces of information that you know, and by having this knowledge of the account number and password, you are identifying yourself as the account owner. For example, to sign in to your online banking account, you need to enter your account number and a password. In most cases, you use log in credentials as your first line of defense to protect an account. Something you know (a PIN) and something you have (a smart card) We describe some examples of these three factors below. Something you are, such as a biometric like a fingerprint.Something you have, such as a token or smartcard.Something you know, such as a password, passphrase or personal identification number (PIN).Multi-factor authentication is when you use two or more authentication factors to verify your identify. Using multi-factor authentication is one way to protect your online accounts against cyber criminals.

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