iCARD Visa HSA Card

Employees are facing more choices and responsibility for managing their medical expenditures. Employers can respond by offering employees a Health Savings Account (HSA), which is, essentially, a consumer-controlled, portable savings fund for health expenses.

The iCARD Visa HSA Card is a convenient way for employees to access funds in their HSA to pay for qualified medical expenses1 for themselves, their spouse, and dependents. HSA contributions receive favorable tax benefits, and unused funds roll over year after year—growing tax-free.

An HSA account is funded with pre-tax dollars for qualified expenses. The iCARD Visa HSA Card makes it easy for consumers to access these pre-tax funds in order to pay for such eligible IRS-qualified medical and dental expenses as co-payments, deductibles, and medications.

When consumers need to draw on their HSAs to pay for eligible expenses, they present their Visa HSA card to the merchant, doctor, pharmacy, or other qualified medical service provider, and the funds are deducted from their HSA. All transactions may be documented on monthly electronic or optional printed account statements.

Features:
One-card solution. iCARD Visa HSA Card cards may be combined with health insurance identification cards for a “one-card” solution.
Co-branding capabilities. The front of the Visa HSA card can be co-branded with the name/logo of an affinity/co-branding partner.
ATM & Merchant Category Code (MCC) Restrictions. Visa’s flexible platform allows for the Visa HSA cards to be issued either with full (both ATM & MCC), part (either ATM or MCC) or no restrictions.

For more information about the iCARD Visa HSA Card, call 636.489.4698.