Debit Card Feature
As if things weren’t
easy enough, we also offer customers a MasterCard Debit Card to help
expedite access to the following accounts:
-
Medical Reimbursement Account (FSA)
-
Dependent Care Reimbursement Account (FSA)
-
Health Reimbursement Account (HRA)
-
Health Savings Account (HSA)
Our card is superior to most because:
1. Customers have access to their entire available balance in their
account at their fingertips.
2. Multiple cards can be ordered for the customer and their family
members.
3. For FSA’s and HRA’s, employees receive communications via email
to let them know:
a.That their card has been used, where and for how much, and
b.Whether any further supporting documentation will still need to be sent
in and reviewed
4. Our website shows all your debit card activity - integrated with
the same website you use to look up the balance in your account. One
login does it all!!!
Additional Features for FSA’s and HRA’s:
** Anytime the debit amount equals exactly your
co-pays on your health insurance plan or your prescription plan, no
further action is required. You are done!
**Our card participates in the Industry Standard
Inventory Information Approval System (IIAS) which means that any
retailer on this list has an automated system at the register that will
auto-substantiate your purchase and only allow you to charge what is
approved by the IRS. As a result, no action is required on those
purchases – Charge and Go!
Go to
http://www.sig-is.org/en/index.asp and click on
SIGIS Merchant
List on the Left Margin for a list of participating merchants. This
list is updated periodically as more stores are being added.
**Anytime a debit is processed, the available
amount on your FSA and/or HRA account is decreased automatically.
**Employees are given up to six weeks to send in
supporting documentation, if required.