Payroll processor Paychex has introduced a debit card that offers a way for a business client's employees to access their flexible spending account funds.
Employees enrolled in a Paychex FSA plan can use the Paychex FSA Debit Card to pay for items such as prescriptions, co-pays, dependent care and other FSA-eligible expenses. The expenses are automatically deducted from a participant's FSA. In most cases the card will eliminate the need for an employee to pay the expenses up front, submit a claim, and then wait for reimbursement.
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