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 The BennyTM Benefits Card lets Health Care FSA participants simply swipe a debit card to draw on their account. Participants don't have to pay out of pocket or manually file a claim when they swipe the card, making the BESTflexSM Plan easier to use.
We often see that participants are more satisfied with and more likely to use their Health Care FSA when BennyTM is available.
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Many retailers and providers have adopted systems that can determine, at checkout, which items and services are eligible under BennyTM. These systems, known as inventory information approval systems (IIAS), only allow BennyTM to pay for the eligible expenses. This means participants don't have to submit a receipt -- or other document -- to prove they used the card to pay for eligible expenses.
A full list of retailers that have these inventory systems is available online in PDF format.
Since BennyTM saves participants from having to pay out of pocket, submit claims and even submit receipts in many cases, it's one of the most convenient ways to use the BESTflex Plan.
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Participants who have easier access to their Health Care FSA are more likely to participate in the BESTflex Plan, contribute more money and find it easier to use the money, increasing their -- and their employers’ -- tax savings.
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