Use the Card—Save TIME and MONEY
Through participation in FSA or HSA plans, employees use pre-tax dollars for eligible expenses not covered by insurance — resulting in more take-home pay. MGIS enhances this benefit by offering the MGIS Benefits Purchasing Card® which eliminates the need for completing claim forms, or making up-front payments for benefits and waiting for reimbursement. Employers also benefit from increased Social Security and other tax-matching savings. Find out more about setting-up a plan.
No out-of-pocket expenses at the point of service
No waiting for reimbursement
The MGIS Benefits Purchasing Card is brought to
you by MGIS, the preferred Tax-Advantaged Benefits administrator.
How It Works...
The MGIS Benefits Purchasing Card is a special debit card provided by MGIS. Instead of paying out-of-pocket for an eligible expense, employees pay by using the debit card, the same way they would use a normal credit card, except the money is debited out of their pre-tax spending or savings accounts. It's that simple and easy to use. No filing a paper claim or waiting days or weeks for reimbursement.
MGIS Takes Care of all the Details
Behind the scenes, MGIS monitors 100% of the transactions to ensure compliance, and provides accurate "on-demand" reporting to the employer from the employer's portal on the MGIS website. Employees may also monitor their accounts at any time by utilizing convenient online access to their FSA, HRA or HSA accounts. MGIS service representatives are available toll-free to help during regular business hours.
Any Questions?
Contact us today!
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Consumer-Directed Healthcare Administration Specialists