- Provide secure, fast and convenient access to funds
- Eliminate need to pay out-of-pocket and wait for reimbursement
- Reduce hassle of submitting claims paperwork
- Improve FSA employee enrollment by offering a carryover option
A more efficient way to handle health benefits administration
Reduce paperwork and increase employee satisfaction in your health benefit program
Visa Healthcare & Benefits card
Visa healthcare cards connect employees directly to their health benefit funds, and are as easy to use as debit cards.
Benefits
Save your employees – and administrators – time and effort by adding Visa Healthcare & Benefit cards to your health benefit program. Employees can use their HSA, FSA or HRA cards to pay for qualified medical expenses wherever Visa Debit cards are accepted.
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- Streamline reimbursement process for administrators
- Reduce paper claims and reimbursement checks
- Easily track account expenditures
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- Design a program to support your specific benefit plan
- Provide individual FSA, HSA, HRA, Transit, Dependent Care and Wellness program cards - or one card for all
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- Use selective authorization to restrict card usage and meet IRS guidelines
- Apply Merchant Category Code (MCC) restrictions for HSA, FSA and HRA cards
Learn more about IIAS requirements
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- Issue HSA cards either with full (both ATM & MCC), partial (either ATM or MCC) or no restrictions
- Give cardholders freedom to pay wherever Visa Debit Cards are accepted
Keep in mind, cardholders will be subject to a penalty tax and federal income tax if eligible medical expenses do not meet or exceed the amount of items purchased using HSA funds plus other HSA withdrawls. If these expenses are insufficient, cardholders are required to pay federal income tax and a 20 percent excise tax on the amount by which HSA withdrawls exceed eligible expenses.
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- Count on Visa's Zero Liability Policy to safeguard cardholders from unauthorized purchases
- Give employees peace of mind knowing account funds can be replaced in the event of fraud*
2 Visa’s Zero Liability policy does not apply to certain commercial card and anonymous prepaid card transactions or transactions not processed by Visa. Cardholders must use care in protecting their card and notify their issuing financial institution immediately of any unauthorized use. Contact your issuer for more detail.
Visa Healthcare cards
Employees can easily access their health benefit funds without having to pay out-of-pocket and then seek reimbursement. Purchases made with an FSA or HRA card can reduce paperwork to substantiate claims. Remember to always keep your receipts in the event of an audit.
FSA Card
An FSA lets employees set aside a portion of their salary pre-tax to pay for qualified medical or dependent care expenses. Employees can only get an FSA through their employer. Explore the unique features of an FSA.
HSA Card
An HSA helps individuals with qualifying high-deductible health plans pay for current and future medical expenses. Employees can arrange contributions on their own or through their employer. Explore the unique features of an HSA.
HRA Card
An HRA is usually coupled with high-deductible health coverage to help an employee pay for qualified medical expenses. Employees can only get an HRA through their employer, and only the employer can contribute funds. Explore the unique features of an HRA.
Healthcare card comparison
Help your employees save on healthcare costs. Check with your tax or benefits adviser to determine which account may be best for your company and your employees.
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Pre-Tax Deductions |
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Interest-Bearing |
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Portable |
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Individual-Owned |
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Employer-owned |
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Employer contributions |
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Employee/individual contributions |
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Associated with HDHPs If a limited-purpose FSA is selected, it can be used with a HDHP. |
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Annual contribution rollover Employers may choose to provide an FSA with a carryover option that lets employees carry over up to $500 of unused funds. |
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Loss of unused funds Employers may choose to provide an FSA with a carryover option that lets employees carry over up to $500 of unused funds. |
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Annual contribution limits |
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Resources
Promote Visa Healthcare & Benefit cards to your employees.
Visa has created several key print and digital communications that you can use to support your promotion of Visa FSA and HSA cards to your employees. Be sure to customize them with your company's Open Enrollment deadline and registration URL to help drive enrollment. And if you are providing a company match, there is space available to customize your information.
To request your employer support materials today, simply contact your TPA or Visa Account Representative.
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