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Employers Give Workers Debit Cards to Access Benefit Dollars

November 25, 2003
Related Topics: Finance/Taxes, Compensation Design and Communication, Health and Wellness, Featured Article
Companies are giving employees debit cards to access funds for flexible spending accounts, health reimbursement arrangements, transportation reimbursement plans and educational assistance programs. About 350,000 employees currently use debit cards from one vendor, MBI, and that number is expected to increase to more than a million by the first quarter of 2004.
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