Program Audit & Analysis
       Group Health & Welfare
       Ancillary Benefits Trust
       Flexible Spending Accounts
       Consumer-Directed Plans
       Preferred Insurance Carriers

SMARTFLEX DEBIT CARD

EMPLOYER ADVANTAGES

The SmartFlex Card is an attractive benefit for employers because it increases employee participation in Flexible Spending Accounts (FSAs). The card drastically reduces the need to file claim forms and virtually eliminates the need to pay cash for eligible expenses, thus increasing the ease of use of the FSA and employee adoption of the program.

• The debit card drives FICA tax savings by increasing flex account participation and contributions
• On average, employers realize a 60% increase in overall dollars contributed to their Flex account plans (new contributions plus the increase in existing contributions)
• Adds value to employee benefits at no additional net cost

COST ANALYSIS

EMPLOYEE ADVANTAGES

The debit card program is a breakthrough solution that gives you instant access to your Flex account dollars with an easy-to-use debit card. The SmartFlex debit card puts the power of pre-tax accounts where it belongs: in your wallet.

The SmartFlex debit card gives you instant access to your account funds - so you don't pay out-of-pocket twice. It virtually eliminates claim forms and receipts which means you no longer have to wait for reimbursement checks. In addition, we provide you with instant access to your account balance via secure Internet access.

Flexible Spending Accounts (FSA) are available to businesses with two or more employees and enable employers and their employees to pay for a variety of medical and dependent care expenses with pre-tax dollars, as established by IRS Code Section 125. FSA plan designs can be customized and combined to meet the benefit needs of any company and its employees.