Financial Account Services

The Healthx Benefit Card can be used as a combination payment and eligibility card and has become an essential part of any Consumer Directed employee benefits package.

The Healthx Benefit Card delivers the industry’s most comprehensive, end-to-end solution for automated employee spending account management. We’re the only company to offer both standard and customized solutions, designed to meet the widest possible range of customer needs, budgets and schedules. Simplifying the administrative functions of an FSA, HSA, and HRA plan makes these products more attractive resulting in increased plan participation.

The Healthx Benefit Card (made available through our partnership with Metavante/MBI) can be used for flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement arrangements (HRA). The authorization and settlement process is automated, eliminating manual processing and time-consuming substantiation of paperwork. Proprietary technology provides unmatched auto-substantiation capabilities, with rates as high as 90 percent.

Most debit card vendors require 5-15% of annual elections to be pre-funded to the vendor’s bank. Our solution requires no up front monies and employers can bank wherever they choose. All debit cards have different purses for the spend. Only our payment card can draw on accounts housed in different Financial Institutions.

Keep your name in front of your customers by creating private-label or co-branded cards and materials. Healthcare payment cards are a great way for a company to differentiate themselves by providing a more efficient way for customers and their employees to access their FSA, HSA, and HRA accounts.

For Administrators

The Healthx Benefit Card is a powerful tool for:

• Unmatched auto-adjudication capabilities
• Ability to stack multiple accounts on one card
• Attracting and retaining new business
• Growing existing business through greater FSA participation and increased employer satisfaction
• Reducing the cost of processing and sending reimbursement checks, as well as eliminating that end-of-year claims crunch
• Increasing your presence with customers through custom cards

For Employers

The Healthx Card is the smart choice because it:

• Increases tax savings through greater FSA participation and contributions
• Helps companies to realize an average increase of 25% in employee participation and a
• 30% jump in per-employee contributions
• Reduces paperwork and administrative burdens, for you and your third-party administrator
• Adds value to employee benefits, boosting their satisfaction at no additional net cost. And online employee enrollment means you can easily add the card to your benefits package, without adding to your HR department’s workload.

For Members

The Healthx Benefit Card is a convenient way to increase their health care purchasing power:

• Provides instant access to their funds with the swipe of a card
• Gives them a 30% discount (assuming a 30% tax bracket) on health care, transportation and dependent care purchases, because their dollars are pre-tax
• Virtually eliminates claim forms – members no longer have to pay for services out of pocket, and wait to be reimbursed
• Provides secure, 24-hour access to member account balance through our cardholder website
• Provides incentives for members to put more into their accounts-- reducing their income taxes

FSA Education & Support

The Flexible Spending Account Educational toolset includes:

• An FSA calculator to help consumers calculate their FSA contribution and savings.
• A toll-free number and Web site to educate consumers on the benefits of FSA participation.
• A short DVD that explains the concept and advantages of participating in an FSA program (perfect for showing at employee enrollment meetings or health fairs).
• Posters and brochures to help employers communicate the advantages of participating in the FSA program.

Dental Vision

Metavante and Healthx are the first to market with a dental/vision payment card. This product verifies dental and vision claims at the point of service, and provides payment in full to the provider.