Whether your company favors an HSA, FSA, or HRA, individuals can enjoy the speed and convenience of instant access to their account funds and automated recordkeeping with a Payment Card for health care.
Qualified merchants (e.g. pharmacies or wholesale clubs) and providers (e.g. doctor’s offices) simply swipe the card like any other credit card to accept payment for a purchase or service. Funds for eligible expenses are transferred directly and records of every transaction are maintained for managing budgets and retrieval at tax season.
The main benefit of the payment card is convenience. The entire process of paying out-of-pocket for qualified health care expenses, filing a claim and waiting for reimbursement is eliminated. Recordkeeping and claims-filing is automated to assist you. A personal portal makes access easy and convenient.
Stacked and multi-account capability with single card
A variety of white labeled or co-branded card options
Online card fulfillment for replacement cards
IIAS compliant for auto-substantiation of medical and pharmacy items
Text push notices based on card activity
Real-time access to card swipe activity
Electronic substantiation requests
Receipt upload capability through portal and mobile app
Substantiation of health plan files
Copays for substantiation
Industry-high rates of auto-substantiation
Copays that match an employer’s group health insurance plan and pharmacy benefit
Recurring expenses of the same dollar amount and same location
Coordination with merchants’ automated inventory control systems
Vendor agnostic to allow integration with multiple providers
Consolidated funding request for debit card and manual claims (Check/ACH) payments
Daily automated balance synchronization and reconciliation