MILWAUKEE – Metavante Corporation is aiming to make consumer directed health care more convenient with its health care benefit debit card, the MBI Benefits Card.
According to Metavante, the MBI Benefits Card allows authorization of health reimbursement arrangement (HRA) maximums in real time at the individual and family level.
In addition, multiple benefit accounts can be stacked on one card. Here is how it works. When an HRA extends to an employee's family, the employer assigns each individual family member an HRA spending limit subject to a family HRA dollar maximum. As soon as any combination of family members' health care spending meets the family's HRA maximum, the entire family has reached the maximum, and no further HRA funds may be disbursed for any family member.
Recommended For You
Employers control what the funds are used for, who has access to money and when the funds are available. The employer also determines whether HRA funds can be carried over year-to-year and if HRA money can be retained when an employee leaves.
HRAs allow employers to provide employees and their family members with "first-dollar" coverage for medical expenses not covered by their health plan, which can include deductible payments associated with Health Savings Account-compatible high-deductible health plans.
"By providing health care consumers with the convenience of accessing HRA funds with a debit card, we're making participation in consumer-directed health care easier and more attractive for both the employer and employee," said John M. Reynolds, president, Metavante Healthcare Payment Solutions. "As we enable consumers to move beyond out-of-pocket spending and submitting paper claims against their HRA, we're also providing employers with solutions that ease the transition to consumer-directed health care for their employees and facilitate more control over health care dollars in this new environment."
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
