PrepaidHealthcare MasterCard® – healthy employees, healthier business.

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NOTICE OF TERMINATION:

Implementation of specific provisions of the Patient Protection and Affordable Care Act is changing the rules and utility for using prepaid debit cards (including the "PrepaidHealthcare MasterCard^®" managed by WiredBenefits) for Health Reimbursement Accounts. Starting January 1, 2011, the Internal Revenue service is restricting the usage of prepaid debit cards by reducing the list of Over the Counter and prescription items that may be purchased using the card.

Hence, the WiredBenefits PrepaidHealthcare MasterCard^® is being discontinued December 31, 2010. Cards will not be active starting January 1, 2011. Please note:

No new employers will be accepted
Existing employers cannot add new employees to their roster
Existing employers may not reload existing cards AFTER December 10, 2010
All cards will be closed as of 11:59pm December 31, 2010
Existing Cardholders may not add a Spouse Card
Existing Cardholders must file their manual claims before Feb. 28, 2011 (unless the employer decides to terminate this program at an earlier date)
After Feb. 28, 2011, any existing balances remaining on employee cards will be returned to the employer

We apologize for any inconvenience.

"As a small business owner it's tough to find affordable healthcare. I wanted to do something for employee benefits and my payroll rep suggested PrepaidHealthcare.

At first, I didn't even know what an HRA was, but the website made it easy to understand and order.

Now I reload with whatever I can afford without hurting my business. The fact that it's tax free is just a bonus!"

Jim, San Mateo, CA

prepaid healthcare has designed a simple employee healthcare benefit for small business to provide tax-free money for employees loaded on a prepaid MasterCard. Load an entry point of $10 for an employee healthcare benefit

Employers can reload any amount at any time matching benefit patterns with cash flow patterns.

Real value for both employers and employees - tax-free dollars, all for healthcare, loaded on a PrepaidHealthcare MasterCard^®. Now that's an employee benefit!

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Note: The PrepaidHealthcare MasterCard is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated. The Bancorp Bank; Member FDIC. MasterCard is a registered trademark of MasterCard International Incorporated.