mySourceCard

Life is all about convenience and simplification. The healthcare industry is no exception, especially as employees become more involved in their healthcare spending.

Simplifying healthcare purchases is an important aspect of what you can offer employers for their employees. The mySourceCardTM MasterCard® debit card is designed to accommodate today's consumers as it eliminates the hassle of writing a check or paying with cash at the time of purchase.

The mySourceCard debit card, which can be used with Flex125 (FSA only), allows participants to pay for their healthcare needs on the spot at qualified locations that accept MasterCard, without the hassle of a reimbursement check. Participants should check with their hospital, physician and dental office, vision service location, pharmacy, or day care facility to make sure they accept the mySourceCard.

How Does it Work?
Participants would present the mySourceCard debit card as payment for qualified goods and services, which will be paid directly from the participant's reimbursement account. This card works like any other debit card, except for three important differences:

  1. It is limited to specific merchants and eligible expenses, which are determined by the benefit account you have selected.
  2. It cannot be used at an ATM or for "cash back" when making a purchase.
  3. There is no PIN, so although the mySourceCard is a debit card, participants should always choose credit when given the option between debit and credit.

Advantages

  • Payment comes directly from the participant's account (no more out of pocket expense)
  • Reduces the need for those lengthy claim forms and the wait for reimbursement checks
  • Online account access to real-time account information at myFlexInfo.com

Remember, the mySourceCard:

  • Is a debit card, NOT a credit card
  • Can be used only at authorized merchants, now including national chain retail stores that include pharmacies (i.e., Target®, Wal-Mart®, Meijer®, Sam's Club®, Costco®, etc)
  • Will cover up to the amount currently available in the participant's account
  • Includes 24/7 access to account information at www.myFlexInfo.com