With the recent announcement of over 487 U.S. Post Office closings, mail delivery is going to slow down substantially. First-class mail will have farther to travel and no longer be delivered the next day. This means injured workers might wait longer for those workers compensation check to arrive in the mail. Or, that insurers and TPAs have to mail checks even earlier than they do now in order to ensure on-time delivery of benefits. The solution? The InsurCard Visa® Prepaid Card for Workers Compensation payments.
In the age of credit cards, the Internet, and electronic commerce, Insurers still print and mail hundreds of millions of claim-payment checks each year. And now, delivery of those checks will be even slower with the closing of hundreds of U.S. Post Office locations.
Workers compensation claimants who get their payments on an InsurCard Visa Prepaid Card are assured of on-time payments. Workers compensation payments are electronically deposited onto the card and the funds are available immediately to the claimant who can use the card at ATMs, banks or merchants; wherever Visa debit cards are accepted. For Insurers and TPAs there is no more guessing about how many days it will take for a check to arrive…payments are delivered to claimants exactly on-time. And for claimants, InsurCard eliminates waiting for checks to arrive or worrying about lost or stolen checks.
The InsurCard Visa Prepaid Card is a complete program designed for the payment of Workers Compensation claims. InsurCard offers convenient, low-cost alternatives to paper checks by ensuring on-time delivery of benefits to claimants and giving claimants safe, immediate, easy access to their funds.
Compliant for use in most states, the reloadable InsurCard Visa Prepaid Card for Workers Compensation ensures timely payments, improving cash flow, and reducing Insurers’ check issuance and post-issuance costs by up to 85%. For more information about InsurCard products, including the InsurCard Virtual Card for provider payments, visit www.insurcard.com
Located in Lansdale, Pennsylvania, the InsurCard employs specialists in insurance operations and systems and prepaid card programs. InsurCard prepaid card programs are designed to meet the stringent requirements of the insurance industry.
InsurCard products include the InsurCard Visa Prepaid Card for Workers Compensation payments, the InsurCard Instant-Issue Visa Prepaid Card for Property claim payments, and the new InsurCard Virtual Card for payments to Healthcare and Service Providers.
For more information about InsurCard, visit: www.InsurCard.com