debit cards and your Medical Savings accounts
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Minnesota Healthcare Consortium

debit cards and your Medical Savings accounts

What are the advantages of a VISA debit card vs crossover to access your medical spending account? Continue reading to see the highlights

  • No cost for the card, lost cards, replacement cards or dependent cards
  • 2021 technology assures a 95% substantiation rate without additional substantiation needed
  • With a debit card you can pick which claims you want to pay with your tax free money, with crossover every medical claim will draft from your account which allows no choice
  • Dependent eligible claims, age 26 from VEBA and tax dependents from an HSA, can be paid even if they are not covered by the account holders medical plan
  • VISA is accepted at all medical merchants, OTC, Vision, dental as well as medical offices
  • App or online account balance and management
  • Debit card flexibility on claims urges account holders to be better medical consumers and look for the right care at the right price at the right time
  • Employees that practice medical consumerism (this is my money not my employers) have lower medical claims, lower medical claims means potentially lower renewal rates

Interested in learning more? Please contact sales@mnhc.gov or mpeterson@nescmn.net.