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Click here for the latest
information on
the new IRS guidelines for
debit card usage
at pharmacies
effective July 1, 2009
Here’s how it works
with an FSA plan:
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Employee
enrolls in the FSA and receives a benefits debit card
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Employee
incurs eligible expense and pays qualified provider with the benefits
debit card
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The
automated system:
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Determines
if provider is, in fact, "qualified"
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Checks
for adequate funds in the plan master account
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AdminPro
receives the claim transaction electronically
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Works
just like a debit card, only the "bank account" consists of
the funds employees have set aside in their health care or dependent
care flexible spending account
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