What is a stored-value card?
A stored value card functions much like a debit card. The card is pre-funded with money from an employee’s FSA or HRA. When the employee needs to pay for an allowable service or product – a doctor’s office visit or a prescription – the card can be used to pay directly at the point of sale, saving the employee from spending the money out of their pocket and then having to submit forms for reimbursement.
