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| Q |
What is IIAS? |
| A |
The Inventory Information Approval System (IIAS) allows a retailer’s point of
sale system to identify eligible healthcare purchases by comparing UPC or SKU
numbers for purchased items against a pre-established list of eligible medical
expenses, as outlined in Section 213(d) of the IRS Code.
Previously without an industry-wide standard, retailers were left to develop
their own approach to comply with the IRS, which included making separate
contractual arrangements with individual benefit administrators.
However, a group of companies who support health card transactions, the IIAS
Standards Interest Group, has been formed to create an industry standard. An
IIAS standard will give retailers the chance to implement an industry-wide
solution, allowing acceptance of all health care reimbursement cards at any
participating location.
What this means to FBMC Payment Card holders (EZ REIMBURSE® Card and myFBMC
Cardsm is that their eligible prescription and Over-the-Counter
(OTC) purchases will be automatically approved and paid for through their
reimbursement account funds. Here is an example of how it works:
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An FBMC Payment Card holder picks up a bottle of aspirin, a prescription an a
magazine at their local drug store.
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They use their FBMC Payment Card at the register to pay for their purchases.
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The IIAS system recognizes the Payment Card and enacts FSA rules.
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The IIAS system approves the aspirin and prescription, but not the magazine.
Please be advised that not all retailers are currently compliant with the IIAS
Standards Group. To see if a store near you is compliant, please check the
IIAS Store List. Be careful when making purchases at non-IIAS certified
stores, as some ineligible purchases may be approved and result in certain
penalties against your account.
For more information, please see the Payment Card FAQs on this Web site or find out how to contact FBMC by visiting the Contact Customer Care section of this website. |
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| Q |
Will my FBMC payment card be accepted at non IIAS - compliant
stores? |
| A |
Under Revenue Ruling 2006-69, merchants who can declare that 90 percent of
their store's gross receipts during the prior taxable year consisted of items
which qualify as expenses for medical care under § 213(d) can accept health
care payment cards. For participants, this means FBMC payment card purchases
will be processed at those stores; however, all charges to the payment card are
subject to follow up documentation (other than co-payment matches, recurring
expenses and real-time substantiation) describing the goods or services
purchased, the date of the service or sale and the amount of the charge.
Click here for a list of Other Merchants who can accept the card for Rx / OTC. |
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| Q |
Walgreen's isn't on the IIAS Store List. Can I use my Payment Card
there? |
| A |
Walgreen's has implemented a comparable IIAS solution that will accept and
process eligible purchases made with the FBMC Payment Card.
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