Using a prepaid benefits card improves cash flow and increases benefit convenience for participants. Without cards, using tax-favored benefit accounts like health care FSAs can be cumbersome. Participants have to pay for eligible expenses out of pocket, submit claim forms and receipts, and wait for reimbursement. In essence, they "pay twice and wait." So, in spite of the tax savings, many people choose not to participate. But prepaid benefits cards change all that!

The Benny™ Prepaid Benefits Card is a special-purpose MasterCard^® card or Visa^® card for use with FSAs, HRAs, HSAs, and QTAs. With Benny, participants simply swipe the Card and the funds are automatically deducted from the applicable benefit account(s) for payment. Benny eliminates most out-of-pocket cash outlays and paperwork, as well as the need to wait for reimbursement. This convenience and improved cash flow leads to increased enrollment, contributions, and FICA savings for employers.