Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Long-Term Care Planning

Motivano And U.S. Script To Market Card-Based FSA Administration

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Oct. 3, 2003, 5:11 p.m. EST – SmartFlex, a unit of Motivano Inc., New York, will be working with U.S. Script Inc., Fresno, Calif., to market a card-based system for running flexible spending accounts.

Employers can use the cards, which resemble debit cards, to administer health care, dependent care and transportation benefits, SmartFlex says.

SmartFlex and U.S. Script will provide substantiation tracking for electronic prescription transactions, and they also will follow up with requests for the information needed to substantiate claims for over-the-counter drugs, SmartFlex says.

The Motivano program will compete with similar programs offered by Evolution Benefits L.L.C., Avon, Conn., and Med-I-Bank Inc., Waltham, Mass.

The Internal Revenue Service gave the programs a boost earlier this year by ruling that employers can use card-based system records to substantiate many FSA claims.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.