If you have a Health Savings Account (HSA) or a Flexible Spending Account (FSA) with Alliance Benefit Group North Central States, Inc., you
likely have a red Benny Card. Some of
you may know exactly what to do with this card, but more than likely, most of
you have questions on just what this card is for, and how you can use it. I’m here to answer some frequently asked
questions to clear up any mysteries for you.
What is the Benny Card?
The Benny Card is a
debit card of sorts that goes along with your HSA/FSA account. Funds that you have in your account can be
accessed by using this card, just like a bank debit card. You can only use the card for the amount
available in your account.
What can I use the Benny
Card for?
As much as we may
like to spend our money on the golf outing of the year, or a fabulous new
outfit, that’s not the way this card works. You can only use the Benny Card for any eligible medical/dental/vision
expenses, such as bills for doctor visits, braces, eyeglasses, and prescriptions. The card will not work for over-the-counter
medicines, nor can you use it at an ATM to get cash. If you try to swipe your card for
non-eligible expenses, it will be declined.
Where can I use the Benny
Card?
You can use your
Benny Card at most pharmacies, clinics, dental offices, and vision centers, and
if you have a Benny Card attached to your Dependent Care account, a small
number of large daycares. If the Point of Sale or POS at which you are
swiping your card is a pharmacy, discount store or grocery store, then that POS
must be set up with the Inventory Information Approval System, or IIAS. This is a system that helps determine what is
HSA or FSA eligible, and helps you as the consumer to only spend your money on
qualified expenses, and can save you money and hassle in the long run.
I hope this information helps clear up some of your questions. If you
have questions regarding what is an eligible expense, please click here. Otherwise, if I’ve missed something, we’d
love to help. Please feel free to
contact us anytime at abgaccess@abg-mn.com,
or call us at 1-877-661-4727.
The Author: Evie Cunningham
HSA Administrative Specialist
Disclaimer: This blog is of an informative nature and should not be taken as advice. Please work with the appropriate parties for those services.
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