10 Nov 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 [email protected] or [email protected].