InComm Benefits Introduces Cash Back for HSAs

Industry-first offering will be available beginning January 2025 to help account holders maximize the value of their HSA

ATLANTA, Feb. 12, 2025 /PRNewswire/ -- InComm Benefits, a division of InComm Payments* providing automated and intuitive spending accounts for employee benefit programs, today announced that its Health Saving Account (HSA) solution will offer 2% Cash Back** on all eligible transactions. Launching in January 2025, this marks the first time that an HSA will offer Cash Back, encouraging account holders to use their HSA card so they avoid missing eligible expenses and get more value from their employer-sponsored benefits.

"Consumers often miss opportunities to use their HSA because they are not aware of expenses that qualify for reimbursement," said Brian Parlotto, Executive Vice President at InComm Payments. "We are introducing Cash Back to give account holders an opportunity to receive value with every purchase they make using their HSA. By rewarding their use of the card and account, we aim to help them reduce the chance of missing out on eligible expenses. It's all possible thanks to the automated technology powering our solution."

The InComm Benefits HSA provides account holders with one card connected to two accounts: their HSA and a Backup Account. When a purchase is made using the InComm Benefits HSA card, the solution automatically detects and routes eligible expenses to the HSA, while non-eligible purchases are charged to the Backup Account. Cash Back rewards are credited to the HSA account, enabling account holders to further grow their account and use earned funds on future purchases.

The new Cash Back offering expands on other unique InComm Benefits HSA features that make it easier for account holders to both spend funds on healthcare expenses and save funds for potential growth opportunities. These features include receipt tracking and record keeping tools, as well as automated Internal Revenue Service (IRS) rules and account management that help maximize tax savings.

For more information about InComm Benefits and its automated HSA solutions, visit www.InCommPayments.com/benefits.

*InComm is a financial technology company, not an FDIC-insured bank. Banking services are provided by Coastal Community Bank, Member FDIC. The InComm Visa® Debit Card is issued by Coastal Community Bank pursuant to a license from Visa U.S.A. Inc. InComm spending accounts are FDIC insured up to $250,000 per depositor through Coastal Community Bank, Member FDIC. FDIC insurance only covers the failure of an FDIC-insured bank. FDIC insurance is available through pass-through insurance at Coastal Community Bank, Member FDIC, if certain conditions have been met.

Investment products are provided by Devenir Group, LLC. Investment products are not insured by Coastal Community Bank, the FDIC, or any Federal Government Agency, are not a deposit, and may lose value.

**Subject to terms and conditions.

About InComm Payments
InComm Payments is an innovative global payments technology provider. Leveraging dynamic technology and proven expertise, InComm Payments delivers enhanced end-to-end payment platforms and emerging financial technology solutions through a single integration, helping businesses grow across a wide range of industries including retail, healthcare, tolling & transit, incentives, mobile payments, digital currencies and financial services. By enabling omnichannel connections and alternative payment options to an ever-expanding consumer base in an increasingly digital ecosystem, InComm Payments creates seamless and valuable commerce experiences across the globe. With three decades of experience, over 525,000 points of retail and online distribution, 412 global patents and a presence in more than 40 countries, InComm Payments leads the payments industry from its headquarters in Atlanta, Ga. Learn more at www.InCommPayments.com.

About InComm Benefits
InComm Benefits is the future of employee benefits with automated and intuitive spending accounts, including HSA, FSA, Dependent Care, Lifestyle and more. Simplify the user experience by providing automatic purchase recognition and receipt tracking. Employees can more easily take advantage of triple-tax savings using one card. Employers benefit from higher adoption rates, boosted employee satisfaction, and savings using cutting-edge solutions. Learn more at www.incomm.com/benefits.

Media Contacts
Anthony Popiel  
Communications Manager 
InComm Payments 
apopiel@incomm.com  

Emily Kent
Dalton Agency (on behalf of InComm Payments)
+1-540-621-5448
InCommPayments@daltonagency.com

SOURCE InComm Payments