Does the debit card work with a lifestyle account?
Yes. We can set up a general category of expenses using an MCC network. Or, we can set up a merchant ID network where we can limit expenses to one or more specific merchants. We can also set up custom networks to allow purchases on a debit card.
How are expenses reimbursed?
The most convenient and efficient way to be reimbursed is through the employee’s BenefitHelp Solutions debit card. You can also submit an online reimbursement request through your BenefitHelp Solutions member portal, mobile app or by mailing a reimbursement form. BenefitHelp Solutions will issue a reimbursement directly to you in the form of a check or direct deposit.
What can an emplorer customize as part of our standard product?
Your employer has a number of things to decide when customizing an LSA, such as:
- How much they will contribute
- When contributions are available for you to use
- Which employees they contribute to
- What expenses are eligible
- How funds are handled at the end of each plan year (run out, rollover, etc.)
- How funds are handled for terminated employees (run-out period)
Who is eligible to use these accounts?
Any employee can use these accounts, regardless of their full-time or part-time status. You do not have to be part of your employer’s health group plan. You employer can also offer these accounts in a tiered approach based on employee status. For example, your employer can offer a higher dollar amount to hourly workers who have experienced a drop in hours (compared to full-time employees).