HR, Payroll and Benefits News

ERA Introduces Payment Card for 2010 Medical Reimbursement Program
January 7, 2010

If you enrolled in the ERA medical reimbursement program for 2010, Fringe Benefit Management Co. (FBMC) you were sent a payment card in the mail from Fringe Benefit Management Co. (FBMC). This is the first year that the payment card is available to use and it is anticipated that 85% of medical claims will be handled with the payment card. Here are some helpful tips:

• You can choose whether to use the card. If you use it, you must activate it on-line or by phone.
• When used, the card will be swiped like a credit card. There is no pin number.
• Remaining 2009 money in a medical account must be claimed with a paper form.
• When receiving products and services from your health provider or pharmacist that require a Letter of Medical Need, secure the letter and submit it along with your Payment Card claim form or transmittal Sheet and documentation. Although your transaction will be accepted at the point of sale (as long as you have not exceeded your annualized contribution limit), it is deducted from your account and could be subject to payback if your letter and documentation are not submitted.
• If your provider does not accept your Payment Card, or if your expense is greater than your available balance, pay for your service or purchase by cash, check or credit card. Then submit a paper claim with the appropriate accompanying documentation. Your claim will be processed and eligible expenses will be reimbursed to you by check or through direct deposit.
• You will receive monthly statements in 2010. In addition to showing the account balance, the statement will indicate whether additional documentation is needed to pay a specific charge. If the documentation is not received by FBMC within 60 days, they will turn the card off . You must then submit paper claim forms.
• Your eligible dependents can use the Payment Card. For your convenience, FBMC will issue you two cards initially.

Related Link: FBMC, Frequently Asked Questions - Payment Card

Source: University of Wisconsin System Benefits
Categories: Employee Reimbursement Account