Flexible Spending Account “Benny” debit cards now pre-loaded for 2012; learn details

All employees participating in the Health Care Flexible Spending Account (FSA) are provided with a Benny prepaid benefits debit card. The cards are pre-loaded with the annual contribution amounts elected for 2012 by participating employees.  Health care FSA participants during 2010 or 2011 will not receive a new debit card for 2012; the existing card will be updated automatically with the 2012 election.

Once the card is activated, the entire elected amount is available. The debit cards can be used at doctors’ offices and hospitals, as well as participating pharmacies, discount stores, department stores and supermarkets that can identify FSA-eligible items at checkout. Learn more about the FSA debit card and how to use it.

FSA-eligible expenses paid using the debit card are deducted from employees’ account balances without the need to file a reimbursement claim. When eligible expenses are paid by any other method (e.g., cash, check, credit card), employees should continue to submit the reimbursement request form, along with appropriate expense documentation, to Meritain Health.

Be sure to retain receipts for all purchases made using the debit card. In some instances employees might be asked to furnish an itemized receipt to verify a debit card expense. Learn more about the importance of saving receipts.

Please note that a $5 fee is deducted from an employee’s FSA balance to replace a debit card.