16 February 2025 | Sunday | News
Picture Courtesy | Public Domain
InComm Benefits, a division of InComm Payments* providing automated and intuitive spending accounts for employee benefit programs, announced that its Health Saving Account (HSA) solution will offer 2% Cash Back on all eligible transactions. Launching in January 2025, this marks the first time that an HSA will offer Cash Back, encouraging account holders to use their HSA card so they avoid missing eligible expenses and get more value from their employer-sponsored benefits.
"Consumers often miss opportunities to use their HSA because they are not aware of expenses that qualify for reimbursement," said Brian Parlotto, Executive Vice President at InComm Payments. "We are introducing Cash Back to give account holders an opportunity to receive value with every purchase they make using their HSA. By rewarding their use of the card and account, we aim to help them reduce the chance of missing out on eligible expenses. It's all possible thanks to the automated technology powering our solution."
The InComm Benefits HSA provides account holders with one card connected to two accounts: their HSA and a Backup Account. When a purchase is made using the InComm Benefits HSA card, the solution automatically detects and routes eligible expenses to the HSA, while non-eligible purchases are charged to the Backup Account. Cash Back rewards are credited to the HSA account, enabling account holders to further grow their account and use earned funds on future purchases.
The new Cash Back offering expands on other unique InComm Benefits HSA features that make it easier for account holders to both spend funds on healthcare expenses and save funds for potential growth opportunities. These features include receipt tracking and record keeping tools, as well as automated Internal Revenue Service (IRS) rules and account management that help maximize tax savings.
For more information about InComm Benefits and its automated HSA solutions, visit www.InCommPayments.com/benefits.
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