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Metavante Benefits Payment System Card
We offer the Metavante Benefits Payment Systems debit card system, which automates the process of paying for eligible pretax account expenses. It enables employees to use the debit card at eligible FSA locations wherever MasterCard or Visa is accepted. Approved expenses are automatically deducted from participant's pretax account, which is prefunded by the employer. The debit card reduces claim forms, double out-of-pocket payments, and waiting for reimbursement checks. The BPS card has proven to be very popular with our clients and has significantly increased participation in the 125 Cafeteria Plans that offer it. All account information is located online and employees can access their personal information at their convenience. More information can be located at their web site found at www.benefitspaymentsystem.com or in the BPS Question & Answer page.
The card will not be accepted at all MasterCard locations because it can only be used for qualified medical expenses. For example, it will not be recognized at department stores or restaurants.
FSA Calculator This innovative product allows you to help your employees estimate their out-of-pocket costs for medical, dental and vision coverage. To use this new estimating tool, launch the calculator at www.fsaandyou.com.