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March 12, 2004 at 07:00 PM
NU Online News Service, March 12, 2004, 4:22 p.m. EST – Med-i-Bank Inc., Waltham, Mass., has taken steps to reduce the need for members and administrators of personal health accounts to save and process paper receipts.[@@]
MBI develops debit card-based account systems for running flexible spending accounts and other health accounts.
MBI has added features for matching patient payments with health plan co-payment amounts; using electronic records to show that recurring expenses are eligible for reimbursement; and determining which purchases are eligible for plan reimbursement while the card holder is making the purchases.
