DataPath, Inc., a provider of software solutions for employee benefits, announced its payment processing system will work with Walgreens, the nation's largest drugstore chain, to substantiate electronically over-the-counter flexible spending account (FSA)-eligible items effective March 1.
The service electronically tracks and verifies items are FSA-eligible, which eliminates the paper-based substantiation and reimbursement process for claims administrators and consumers. For employees who use the mySourceCard and myResourceCard, the program eliminates the need to provide receipts when using flexible spending dollars at Walgreens' locations nationwide.
Third-party administrators will be able to decrease the number of letters requesting additional documentation to verify FSA purchases. When purchasing prescriptions or over-the-counter FSA-eligible items using DataPath's payment card, the technology will match the items and automatically approve the transaction with no follow-up procedures.
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