Tags: Healthcare Plan News
MyFlex Advantage MasterCard Unveiled by UPMC Health Plan

UPMC Health Plan has unveiled their new MyFlex Advantage card, a card designed for use by UPMC Health Plan members that gets rid of the hassle and inconvenience that comes with a Flexible Spending Account (FSA). The card, unique to Western Pennsylvania, serves as both a health plan membership ID card and as a debit card for out-of-pocket health care expenses.

The MyFlex Advantage card is a special purpose MasterCard (R) that provides instant access to the funds in a member’s FSA account. The card also serves as a member’s ID card and contains group and member numbers, plus copay/coinsurance information.
The card gives UPMC Health Plan members the ability to pay for eligible products and services at the point of sale without having to submit claim forms or wait for reimbursements.
The MyFlex Advantage card is designed for use by UPMC Health Plan members who have a Flexible Spending Account. In an FSA, UPMC Health Plan members can save by setting aside income from their paychecks on a pre-tax basis to cover future health care expenses. Until now, many FSAs required employees to save health care receipts and send them to an administrator to credit their account, or members had separate health plan ID cards and FSA debit cards.
All UPMC employees will be able to use the card starting in January, 2009. The MyFlex Advantage card will become available to all UPMC Health Plan members in July, 2009.
The MyFlex Advantage card can be used at hospitals, physician offices, dental offices, vision service centers, and pharmacies that accept MasterCard. The card is protected by a high-level security system equivalent to those used by other bankcards.
UPMC Health Plan, the second-largest health insurer in Western Pennsylvania, is owned by the University of Pittsburgh Medical Center (UPMC), one of the nation’s top-ranked health systems. For more information, visit www.upmchealthplan.com.
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