Debit Card Programs

Legal, Administrative, and Marketplace Update

Available immediately

As the debit card marketplace develops and adapts to the new IRS rules requiring greater use of Inventory Information Approval Systems, it’s more important than ever to understand how debit card programs work. Whether you are an employer sponsoring health FSAs or HRAs, an administrative service provider, or a compliance advisor, you won’t want to miss this 90-minute web seminar updating the legal, administrative, and marketplace issues for debit cards.

Originally presented on October 30, 2008.

Seminar Level


Intermediate Difficulty

Topics Covered

Here’s some of what was covered:

  • The Inventory Information Approval System (IIAS) rules, including the 90% gross receipts rule for drug stores and pharmacies: What is required, when are the rules effective, and what responsibility does an employer have to ensure that an IIAS is compliant?
  • The general rules for debit card programs: participant agreements, where cards can be used, cancellation rules, and more.
  • The automatic and after-the-fact substantiation rules for transactions at medical care providers.
  • Correcting improper debit card payments: How the 2007 proposed cafeteria plan regulations have refined the rules plus challenges in the corrections process.
  • Important recordkeeping requirements for debit card programs, including special recordkeeping challenges presented by IIAS card transactions.
  • Employee communications regarding card programs: What is required plus key items to include to boost employee understanding.

Details

Speakers: Cheryl Risley Hughes and Susan R. Monkmeyer. Ms. Hughes is an attorney and principal with Sanders, Schnabel & Brandenburg, P.C. in Washington, D.C. She is a Contributing Author of EBIA’s Consumer-Driven Health Care and Fringe Benefits manuals. Ms. Monkmeyer is an attorney and Senior Editor at EBIA. She is the Editor and a Contributing Author of EBIA’s Cafeteria Plans manual.

Handouts: A handout of the seminar slides and other information is provided through download.

Viewing Details

Accessing the recorded web seminar: After you purchase a recorded web seminar, you will receive an email with access information. You and your co-workers may then view the recording as many times as you wish for 60 days. An internet connection is required to view the recording; it can be stopped and started as needed and has a table of contents for easy navigation.

Recordings are accurate as of the date presented: Our recordings are accurate as of the presentation date of the live seminar. We supplement handout materials with articles from the EBIA Weekly covering significant later developments. You must check the table of contents at your access link for updates before viewing a recorded seminar.

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http://www.webex.com/lp/jointest/

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