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MasterCard Flex Benefit Card™
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A better way to reimburse employees for benefits programs.
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Contact MasterCard to Find Out More Find a MasterCard
Flex Benefit Card Issuer
View the full suite of MasterCard
Stored Value Solutions |
MasterCard Flex Benefit Card enable companies to provide a cost-effective solution that replaces cumbersome paper-based benefits.
MasterCard Flex Benefit Card allow employees to use pre-tax dollars placed into a separate account to pay for medical expenses. Simply by loading these funds to individual Flex Benefit Cards, you can streamline costs, simplify record keeping, accurately track expenses, improve program efficiency, and increase employee satisfaction—all of which will add significant value to your organization’s Flex Benefit initiative.
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Increase Employee Satisfaction:
- Provide Employees with immediate access to funds allotted for
medical, insurance, and other benefits.
- Save
employees from having to pay twice for certain benefits – once to fund
their pre-tax account and again at the point of sale.
- Offer
convenient access to balance information 24 hours a day/7 days a
week/365 days a year and a detailed monthly account statement.
Reduce Administrative Burdens:
- Improve tax reporting and record keeping by accurately recording
expenses.
- Maximize program tracking by generating comprehensive MIS
reports.
- Ensure the correct use of funds through electronic audit trails.
- Limit transactions to health related merchants.
- Benefit
from more control and usage of benefits programs, which can result in
new opportunities for cost savings from your benefits provider.
Empower Employees:
- No more claims to submit and no waiting for reimbursement checks.
- Reduce the time spent on administrative tasks.
- Increase usage of flexible spending account programs with this
easy-to-use program.
- Provide greater security and protection of funds.
Implement the MasterCard Incentive Card Program:
- Your
issuer partners with you to manage your Flex Benefit Card program by
enrolling employees, distributing cards and providing ongoing support.
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