What are the rules for FSA debit card substantiation?

The IRS has specific guidelines that require all FSA transactions, including debit card swipes, to be substantiated, meaning the purchase must be verified as an FSA-eligible expense. If a debit card purchase is not properly substantiated, IRS rules require deactivation of the card.

What is a substantiated payment?

Substantiation is the supporting documentation or data (receipts, explanation of benefits (EOB), etc.) that confirms an expense or claim is eligible to be paid through your pre-tax benefit plan.

What is a substantiation request?

Within the tax code, there is a rule that states every expense or transaction from an FSA or HRA must be substantiated. This means there needs to be proof or evidence that the funds were only used for eligible medical expenses.

What is debit card substantiation?

What is substantiation? Debit card substantiation is the process of verifying that purchases made using a benefits debit card for FSAs or HRAs are for an eligible medical expense.

What are the rules for FSA debit card substantiation?

The IRS has specific guidelines that require all FSA transactions, including debit card swipes, to be substantiated, meaning the purchase must be verified as an FSA-eligible expense. If a debit card purchase is not properly substantiated, IRS rules require deactivation of the card.

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Health Care Account Debit Card: Substantiation Instructions - Liberty

Get Health Care Account Debit Card: Substantiation Instructions - Liberty

Rchase, you will need to supply a receipt that clearly proves the eligibility of a purchase made using the Health Care Account Debit Card. For each card purchase that you have been asked to substantiate, you should: 1. 2. 3. Complete an Expense Substantiation Form Attach itemized receipt(s) Submit the form and receipt(s) to ADP 1 COMPLETE FORM 2 ATTACH RECEIPTS 3 FAX The Expense Substantiation Form must be completed entirely and signed. The receipt(s) must state the vendor name, vendor c.

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