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MasterCard®
Simplifies HRA Plan Administration for Employers
Claims
Fusion is
a medical payment company which provides claim
re-pricing, payment and financing services for
the healthcare and general insurance industry.
Core Documents has partnered with Claims Fusion
to help employers simplify the medical expense
reimbursement process inherent in HRA and FSA
administration.
Employees can access their HRA funds
via the ClaimsFusion MasterCard®, this is
not a debit card, it's a credit card secured or
guaranteed by the employer to certain Plan limits
per employee. In addition to copayments, coinsurance,
and deductibles, employees can use the Claims
Fusion MasterCard® to pay for qualified expenses
incurred at all merchants who accept MasterCard®
for health-related products. The Claims Fusion MasterCard® provides
employees with instant access to their account
funds for eligible expenses – right at the
point of service. For health care-related expenses,
whether at the dentist, optometrist, or doctor’s
office – wherever MasterCard® is accepted
by health care providers – employees simply
present their MasterCard®, and the amount
of the eligible expense is automatically charged
to the Employers MasterCard® account.
Claims Fusion MasterCard® offers:
Employees
- Elimination of the need to pay and wait for reimbursements.
- Virtual elimination of paperwork and administrative
hassle.
- 24/7 online access to program, fund balance, and
transaction information.
- More freedom in choosing the providers and services
they want.
- New opportunities to take control of their benefits.
Employers
- Less paperwork and more streamlined administration.
- Receive one monthly bill, with discounted claims
data by employee
- A way to enhance the appeal of HRAs, which in turn
leads to:
- Higher HRA participation rates, which in turn leads
to:
- Greater savings.
- Finance claim spikes over several months at low
interest rates.
- New opportunities for innovative cost-sharing plan
designs.
- An easy first step toward bringing consumers closer
to the real cost of health care and benefits.
Setup and Monthly Administrative
Fees:
$100.00 initial application & setup fee
$6.50 per month per employee participating in
the Plan
$150.00 annual renewal fee
Apply Today
To add this new feature to your HRA Plan design
simply complete the no obligation Claims Fusion
credit application at this link: Claims
Fusion MasterCard Application Or, call us
toll free at 1-888-755-3373 Monday through Friday
8AM to 6PM EST / FL.
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IMPORTANT:
Many small employers take insurance premium and
medical expense reimbursement deductions without
the knowledge that a formal Plan Document and
Summary Plan Description are required by the Internal
Revenue Code. Many CPAs, bookkeepers, and accountants
are unaware of this requirement. The penalty for
non-compliance may include disallowance of all
deductions, payment of all delinquent taxes plus
interest and penalties. Google
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