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As of January 1, 2008, the IRS is requiring all supermarkets, discount stores, grocery
stores, wholesale clubs and mail-order merchants to implement IIAS. Healthcare related
items will then be identified at the time of purchase, to ensure your employee’s
SmartFlex™ Debit Card is used only to pay for prescription drugs, qualified
over-the-counter items and general healthcare expenses. If your employees try to
buy ineligible IIAS items with their SmartFlex card, or try to use their SmartFlex
card at non-participating IIAS merchants, they will be asked for another form of
payment.
If your employees shop at an IIAS approved merchant, submitting receipts for reimbursement
will be minimized. The IRS still requires all participants to retain their receipts
for their records. The list of participating merchants is available on the SmartFlex
participant website at www.smartflexcard.com.
Benefits of IIAS
- Fewer “pay and chase” follow ups
- Fewer participant phone calls
- Increased employee satisfaction
- Decreased manual claims
IIAS Compliant Providers
- Grocery stores
- Discount stores
- Warehouse clubs
- Convenience stores
- Healthcare
- Miscellaneous general merchandise
- Mail order pharmacies
For More Information Contact Us
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