CVS and Benefit Strategies offer you the new Benefits Debit Card: a quick and easy way to pay for qualified expenses when using your Flexible Spending Account.
Using your Benefits Debit Card will be a little easier, as a result of new technology that will allow participating stores/merchants to instantly process FSA-eligible items – including prescriptions and other prescribed over-the-counter items such as aspirin and band-aids – at the point-of-sale.
This means that when you use your Benefits Debit Card at participating stores and merchants you will no longer be asked to submit receipts for eligible expenses under your Flexible Spending Account.
Please be sure to check the IIAS Participating Merchants list by visiting www.sig-is.org, the list can be found on the left called "IIAS Merchants List". Keep in mind not all vendors have chosen to participate and smaller merchants may not have the required technology.
For more details: