Five Tips to Make Using the Intuit Health Debit Card as Easy as Brushing Your Teeth

Congratulations on being a cardholder of the Intuit Health Debit Card! You have a generous employer who is setting aside funds to help you pay your healthcare costs.

Intuit and our partner Evolution1 manage this plan to help you and your employer comply with IRS regulations. We’ll help to ensure you can use the funds from your employer 100% tax free when you show the money is used for qualified health expenses. Here are five tips to keep in mind to make using the plan as easy as brushing your teeth.

1. Keep your itemized receipts, always.

There are situations when we will automatically qualify your expense for you, but it’s always a good idea to keep itemized receipts from your doctor, pharmacy, insurer, and others in case you get a request from us to send the receipt.

2. How best to pay health providers, like doctors, hospitals, dentists, and optometrists

You will generally need to submit a doctor’s bill or receipt the first time you submit an expense. Good news — if you use your card again with the same health provider for the same dollar amount, we can automatically qualify that expense.

3. How best to pay for prescriptions

If you use your Intuit Health Debit Card at pharmacies using a special approval system (called IIAS), then we can qualify that expense automatically (in most cases). The current list of pharmacies and other merchants is updated daily. If we need you to submit your receipt, we’ll email or text you right after you use your card.

4. How best to pay insurance premiums

After you make an out-of-pocket payment, first file a claim online at the Employee Portal. On the portal, you can request “recurring reimbursement” and provide an itemized receipt. Then we can automatically reimburse you every month before your premiums are due.

5. Go Online

When your card or out-of-pocket expenses aren’t automatically qualified, the easiest ways to submit receipts is to use our online Employee Portal and upload scanned receipts.

We hope these five steps help make it as easy as possible to use your Intuit Health Debit Card. Wishing you good health!

Do you have feedback on your experience using your card or submitting receipts? Please share your comments below.

10 Helpful Blogs About Health Care Benefits

As a small-business owner, you have a lot on your plate, from marketing your services to managing your cash flow. Add employee health care benefits to the mix, and you may feel as if your plate is overflowing. The Intuit Small Business Blog rounded up 10 helpful blogs about health care benefits to support you in becoming more informed about your options.

  1. Health Affairs Blog. Hosted by the prominent policy journal Health Affairs, this multi-author blog features posts from experts such as economist Gail Wilensky and California HealthCare Foundation President and CEO Mark Smith. With more than 50 categories, including employer-sponsored insurance and health care costs, the blog is a comprehensive, multidisciplinary resource covering a wide range of health care topics.
  2. Health Business Blog. Harvard MBA David Williams offers a blog that highlights business issues in health care. As strategy consultant in technology-enabled health care services, medical devices, biotech, and pharmaceuticals, Williams shares his knowledge and expertise on this thought-provoking blog.
  3. Employee Benefit Views. A product of industry magazines Employee Benefit News and Employee Benefit Adviser, the EBV blog is written for human resources and benefits decision makers. Editor-in-Chief Kelley Butler compiles news, opinion stories, and webcasts consisting of top headlines in the employee benefits arena.
  4. The White House Blog: Health Care. The official health care blog of the White House. Learn about the latest news and developments on regulations, legislation, and health care reform straight from the Oval Office.
  5. John Goodman’s Health Policy Blog. Touted as the “Father of Health Savings Accounts,” John Goodman, who is founder and president of the nonpartisan research group National Center for Policy Analysis, shares his insights on health care news and examines the health care problems we face today. Goodman has published nine books and 50 studies and appears regularly on media outlets, such as CNN, CNBC, and FOX News. He also frequently testifies before Congress on retirement and health care reform topics.
  6. Kaiser Health News Blog. The nonprofit organization Kaiser Health News runs this blog, which features the latest health care headlines. From health care reform to health care costs, KHN covers market trends related to health care delivery in the U.S.
  7. Prescriptions. A New York Times blog about the business of health care, which includes topics such as health care industry news, reform, and insurance coverage.
  8. HealthCare Blog. Managed by the U.S. Department of Health and Human Services, this health care blog provides information for employers, families, insurance providers, and more.
  9. The Health Care Blog. Founded in 2003 and still going strong, THCB covers topics such as “The Insiders Guide to Health Care,” technology, and health plans.
  10. The Benefit Blog. Run by Eric Kaufman, vice president at Lockton Insurance Brokers in California, this blog provides news about corporate employee benefits and retirement plans. Kaufman’s blog earned a Top 10 Compensation and Benefits spot from the industry newsletter HR Daily Advisor.

Did we miss your favorite blog about health care benefits? Share it with us in the Comments section below.

5 Health Care Benefit Resources for Small Businesses

The U.S. health care industry is undergoing a transformation. As legislation, incentives, and benefits roll out over the next few years, small businesses should seize the opportunities created by health care reform, including new and more affordable options for insurance coverage.

Here are five resources that will help keep small-business owners informed about all of the changes.

  1. IRS small business health care tax credit qualification guide. As an incentive for small businesses to provide health insurance coverage to their employees, the Patient Protection and Affordable Care Act provides a tax credit to small businesses, including tax-exempt organizations. To aid in determining your eligibility, the IRS provides a handy, three-step guide.
  2. Health insurance option tool. Under the Affordable Care Act, the U.S. Department of Health and Human Services provides small-business owners with an unbiased tool to compare the costs and benefits of health plans on the HealthCare.gov website. The database currently consists of more than 530 health insurers and 2,700 coverage plans; it enables users to filter search results by plan type, deductible, co-pay, prescription drug coverage, Health Savings Account (HSA) eligibility, and more.
  3. CDC workplace wellness initiative. The Centers for Disease Control and Prevention (CDC) Healthier Worksite Initiative website is chock-full of information to help your small business reduce health care costs and improve employee health and morale. Implementing wellness programs, such as tobacco-free campaigns, employee screenings, and incentive-based health risk assessments, can lead to a 20 to 50 percent reduction in health care costs, according to a U.S. Corporate Wellness study. What’s even more exciting: The Affordable Care Act offers up to some $200 million in grants to small businesses with fewer than 100 employees to encourage the launch of new wellness programs.
  4. Health debit cards. With the increase in consumer-paid out-of-pocket expenses and the move toward consumer-directed health plans (CDHPs), the health debit card has a huge potential to streamline how employees pay for medical expenses. When tied to a government-approved health reimbursement account (HRA) or health savings account (HSA), contributions deposited onto a health debit card are tax-deductible by the small employer and tax-free for the employee. Health debit cards, like the Intuit Health Debit Card, can be used for deductibles, premiums, physician co-pays, prescription medications, and more.
  5. Health benefits glossary. If the term “donut hole” conjures up images of tasty morsels from Dunkin’ Donuts and not Medicare, then you have some catching up to do. Right now, millions of Americans and small-business owners wish they had a CliffsNotes study guide for the 900-plus pages of the Affordable Care Act, which is the doctrine of health reform. What’s the next best thing? The glossary set up and managed by the Department of Health and Human Services, which defines 127 terms.

 

What Small-Business Owners Need to Know about Health Care Benefits

Offering comprehensive benefits to employees can help you attract, hire, and retain the best workers. Yet many small-business owners believe that health care insurance is a luxury they can’t afford. The good news: Thanks to new incentives, tax credits, industry reform, and nontraditional plans, health care insurance may be within reach.

Here are a few things small-business owners should know about providing health care insurance:

  • Reform is in the offing. Small businesses pay some 18 percent more than their larger counterparts for the same health insurance policy, but the federal government is working to change this. On March 23, 2010, The Patient Protection and Affordable Care Act, nicknamed Obamacare, was signed into law by the president. Most of its changes are scheduled to take effect by 2014. The upshot: Through incentives, tax credits, and affordable insurance exchanges, the cost of providing health care coverage to workers will become more affordable for small-business owners.
  • Tax credits can offset your costs. One of the most notable changes — and benefits — of health care reform for small businesses is the Small Business Health Care Tax Credit. According to the U.S. Department of Health and Human Services, nearly 4 million small businesses can take advantage of this tax credit when providing health insurance benefits to their workers. The first phase of the tax credit entitles businesses with fewer than 25 employees (that meet certain requirements) to a credit of up to 35 percent to offset the cost of providing insurance. In 2014, this tax credit will increase to 50 percent. To determine whether you’re eligible, speak with a tax adviser, refer to the IRS’s coverage, or read this post.
  • Alternatives to traditional coverage exist. Once upon a time, small businesses could only offer health insurance plans to employees through either a preferred provider organization (PPO) or health maintenance organization (HMO). Although these types of insurance plans still exist, today you have other options, too. These include allowing employees to set aside pre-tax dollars to pay for their medical expenses through a health reimbursement arrangement (HRA) or a health savings account (HSA). An HSA is tied to an insurance plan (typically one with a high deductible); an HRA isn’t. Both HSAs and HRAs offer tax advantages to small-business owners and their employees, which can lower the cost of health insurance.
  • Consumer-directed health plans are increasing in popularity. CDHPs were the only type of health insurance plan to experience enrollment growth in 2010, according to a survey conducted by Mercer, a global human resources consultant. These self-funded plans, in which employers and employees pay into an account instead of sending premiums to an insurance company, are based on the premise that not everyone will use all of the traditional health insurance plan dollars that have been allocated. In 2011, 18 percent of small businesses are expected to offer CDHPs. Another benefit of CDHPs: Enrollees are more likely to participate in wellness programs and demonstrate both cost-cutting and health-conscious behaviors when they play a more direct role in budgeting.