AdminPro Benefits CardTM

 

Employers love it because:
  • The benefits debit card drives FICA tax savings by increasing FSA participation and contributions

  • On average, employers realize a 60% increase in overall dollars contributed to their FSA plans (new contributions plus the increase in existing contributions)

  • Can be a single point of access for multiple employee benefits such as FSA, DCA, HRA, Parking/Transit and HSAs (coming soon!)

  • Adds value to employee benefits at no additional net cost

 

 

 

 

 

 

 

 

 

 

 

 

 

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:
  • Employee enrolls in the FSA and receives a benefits debit card

  • Employee incurs eligible expense and pays qualified provider with the benefits debit card 

  • The automated system:

    1. Determines if provider is, in fact, "qualified"

    2. Checks for adequate funds in the plan master account

    3. AdminPro receives the claim transaction electronically

  • 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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