How does the Prepaid Benefits Card change how the participant is reimbursed for expenses?
With the Prepaid Benefits Card, participants simply swipe their Cards and the funds are automatically deducted from their respective employee HRA account(s) for payment. The Card eliminates most out-of-pocket cash outlays and paperwork, as well as the need to wait for reimbursement checks. 4. Is the Prepaid Benefits Card just like other MasterCard Cards or Visa® Cards? No. The Prepaid Benefits Card is a special-purpose MasterCard® Card or Visa® Card that can be used only for qualified health care/benefits expenses. It cannot be used, for instance, at gas stations or restaurants. There are no monthly bills and no interest. 5. How many Prepaid Benefits Cards will the participant receive? The participant will receive two Cards (unless the participant has only a Qualified Transportation Account, in which case one Card will be issued). If participants would like additional Cards for other family members, they should contact their Plan Administrator. 6. Do participants need a new Prepaid Ben
