Guest Brenda N. Posted July 29, 2003 Posted July 29, 2003 If your plan has a debit card, how are you handling the transaction fee charge? Do you pay extra higher administration fees to cover? Are you deducting from the participants account at the time the card is swiped? Are you covering the charge from unused funds left at the end of the plan year? Thanks.
SLuskin Posted August 1, 2003 Posted August 1, 2003 Brenda, what card are you using? How have you resolved the 1099 issues? Have you seen a problem with employees swiping the card and then not sending in the substantiation if the claim isn't for one of the auto-adjudicated items (doctor office copay, prescription copay)? Thanks.
Guest Brenda N. Posted August 1, 2003 Posted August 1, 2003 We haven't started a card yet. We are trying to work through the administrative fee issues.
GBurns Posted August 3, 2003 Posted August 3, 2003 Brenda N. What answers have the various card providers given to you on this issue? SLuskin, What are the 1099 issues? (This is not a dumb question, I have some follow-up to your/or other posters' response that should lead to a discusion) George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
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