Benny® Prepaid Benefits Card
The Benny® Prepaid Benefits Card is an easy way to keep cash in your pocket while using your Flexible Spending Account. As a new participant you will be mailed a set of two cards in your name. Your healthcare election will be available on the first day of your plan year. If your plan allows you to use your Benny® for your dependent daycare expenses, the amount you elected will be made available as deductions are made from your paycheck.
Don't throw away your Benny®. It will be reloaded each year until the expiration date; then you will receive new cards. Call us if you wish to order a set of two extra or replacement cards for a charge of $10.
Using your Benny® Prepaid Benefits Card at the Store
The easiest way to pay for eligible expenses is with your Benny® Prepaid Benefits Card at the cash register of a store that can identify FSA-eligible items at the checkout:
Using your Benny® Prepaid Benefits Card at the Doctor, Dentist or Optical Office
Using Benny® for Over-the-Counter Healthcare Items
Many vendors code over-the-counter merchandise such as bandages and prescriptions so that Benny® recognizes them at the cash register. This is known as the IIAS system and these purchases do not require further approval.
Some vendors choose not to participate in the IIAS system but are certified so that you may use the card. When you use the card at certified vendors you will receive a letter from Chard Snyder asking for copies of your receipts.
Email or call us if you have a question! We'll be glad to explain.
Why am I being asked to send in additional documentation?
The Benny® Prepaid Benefits Card is an easy way to keep cash in your pocket while using your Flexible Spending Account. Most payments made with the card are approved automatically, so no further paperwork is required.
However, because your Flexible Spending Account dollars are tax free, IRS regulations will often require you to submit an itemized receipt, bill or Explanation of Benefits (EOB) later as proof that your expense was eligible. If we do not receive your proof, you will not be allowed to use your card until you do supply evidence that your purchase was eligible.