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.

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PrepaidHealthcare's HRA Solution

Eligible employees will receive personalized prepaid MasterCard^® cards to use for paying healthcare expenses. PrepaidHealthcare allows small employers to decide what amount will be loaded onto each card. Employers may then reload cards with any value at any time.

PrepaidHealthcare MasterCard^® cards are restricted to health care services such as medical, dental, or vision care, or everyday over-the-counter products. PrepaidHealthcare MasterCard^® cards DO NOT provide access to cash.

There are no hidden fees and reimbursements of qualified expenses are tax-deductible for the employer! PrepaidHealthcare's HRA meets all IRS, ERISA, HIPAA and COBRA regulations and guidelines.

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.