Page 18 - Pay Magazine s2014

pay awards
Best heAlth BenefIts delIvery
Best use of a business- or corporate-funded prepaid card to deliver health care bene ts, including wellness, FSA, HSA and HRA programs.
TASC Card
Total Administrative Services Corporation, MasterCard Worldwide, The Bancorp Bank partner: Alegeus
what it is: Multipurse bene ts card enabling cardholders to pay eligible health care, de- pendent care and transportation expenses. MasterCard-branded card is connected to employee health bene ts accounts, such
as FSA, HSA and HRA.
why it works: Card is automatically sent
to employees enrolled in bene ts programs. Purchases can be limited to merchants and expenses deemed eligible by the speci c bene t account, while a cash reimbursement purse enables unrestricted purchases.
why it matters: For employees, TASC eliminates the hassle of retaining and tracking paper re- ceipts and completing and submit- ting reimbursement forms. The improved employee experience reduces complaints and increases program participation, thereby increasing employer saving on bene t administration.
differentiators: Multiple purses, in- cluding MyCash purse, into which
is loaded reimbursement funds for eligible purchases made with a pay- ment method other than TASC Card.
Funds in MyCash purse can be spent any- where MasterCard is accepted, withdrawn
at ATMs or transferred to bank accounts. Companion mobile app o ers account infor- mation and transaction history. Additional cards available for spouses and dependents. No card-related fees.
what the judges said: When it comes to health bene ts delivery, the cardholder experience and ease of use are paramount. The card that rose to the top of this category is the one that o ers a means to pay for eligible expenses and a separate purse for unrestricted spend- ing of reimbursement funds.
Convenient method to pay for eligible expenses via multiple restricted-spending purses. Features industry-exclusive cash-reimbursement purse with unrestricted spending.
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wInners
MyPlanConnect for the My Ameri ex Health Care Card
Ameri ex, MasterCard Worldwide
WageWorks Healthcare Card
WageWorks
prepaid