Benefit debit cards have existed for nearly 20 years as a mechanism for account administrators to reduce administrative costs by eliminating paperwork and reducing manual claim processing overhead, all while enhancing the participant experience.
Debit card penetration rates on health savings accounts (HSAs) and flexible spending accounts (FSAs) are now nearly 100 percent nationwide - yet health reimbursement arrangements (HRAs) have lagged behind in debit card adoption. Complex and varied plan designs - including deductibles, coverage tiers, cost sharing, and beyond - make it more challenging to leverage cards effectively, and in ways that don't compromise the participant experience.
From pharmacy-only to employee cost sharing and up-front deductibles - what are the most common use cases for carded HRAs? How are other Alegeus clients using cards to successfully reduce administrative costs for HRA programs? Watch this on-demand webinar where we discuss whether debit cards make sense for HRAs. It's not too late to add cards to your existing HRA programs for this open enrollment season - with virtually no work and no cost to your organization. Learn how.