Payment Card News

FSA/HSA Cards

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The hassle of filing claims for payments from “Flexible Spending Accounts” and “Health Savings Accounts” may soon be cured as more companies opt for payments cards linked to such accounts. VISA, MasterCard and American Express all have FSA/HSA card programs. Last week, American Express introduced a new card that links to flexible spending accounts. PayFlex and WageWorks, FSA administrators, have agreed to market the new “Benefits Plus Card” to corporations and their employees. AmEx also recently introduced the “HealthPay Plus Card” that provides access to the “Health Savings Account” funds. The new “HealthPay Plus Card” is issued in partnership with WellChoice, the parent company of Empire Blue Cross Blue Shield. For more information visit “http://www.americanexpress.com/healthpayplus”:http://www.americanexpress.com/healthpayplus.

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