SunGard Offers Prepaid Benefits Card to Relius 125 Customers
SunGardís Relius 125 system will offer Evolution Benefits, Inc.ís (EB) prepaid benefits card program to customers who administer Flexible Spending Accounts (FSAs), Health Reimbursement Accounts (HRAs) and Health Savings Accounts (HSAs).
The EB card, integrated with Reliusí 125 Administration System, helps simplify the participantís experience and reduce the administrative burden of managing multiple accounts like FSAs, HRAs and HSAs. A participant presents the card at the point of service to pay for a prescription or an office visit. The authorization request is submitted electronically through the normal card authorization channels and is either approved or denied based on card-specific criteria. The card is tied directly to all accounts, allowing its ďstackingĒ capability to prioritize real-time payment from multiple accounts. This technology helps eliminate tedious, paper-based reimbursement processes.
ďEBís technology helps streamline our consumer-directed program business and meet the increasing demand for a prepaid benefits card that can stack accounts and achieve high rates of auto-substantiation,Ē said Ken Simons, executive vice president and chief operating officer of SunGardís Relius business unit.
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