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DEBIT CARD SUBSTANTIATION Health Choices, FSA 1605 Associates Drive, Suite 101 Dubuque, IA 52002 Phone: (563) 5844783 Toll free: 8663903872 Fax: (563) 5565134 Reprocessing mahealthcare.com Employee:
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How to fill out debit card substantiation

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How to fill out debit card substantiation:

01
Gather all necessary information: Before filling out the debit card substantiation form, make sure you have all the required information handy. This includes the name of the cardholder, the date of the transaction, the amount charged, the merchant's name, and any relevant receipts or supporting documents.
02
Check the eligibility criteria: Debit card substantiation is typically required for certain types of expenses, such as healthcare or dependent care expenses. Ensure that the expenses you are substantiating meet the eligibility criteria set by your debit card provider or employer.
03
Complete the form accurately: Pay close attention to the form's instructions and fill out all the required fields accurately. Double-check the spelling of names, dates, and amounts to avoid any errors or discrepancies.
04
Attach supporting documentation: In most cases, you will need to attach supporting documentation to validate the expenses. This may include itemized receipts, invoices, or Explanation of Benefits (EOB) statements. Ensure that the documents you attach clearly show the details of the transaction and match the information provided on the form.
05
Submit the form in a timely manner: Debit card substantiation forms usually have a deadline for submission. Make sure to submit the form along with the supporting documentation within the specified timeframe to avoid any delays or complications in the reimbursement process.

Who needs debit card substantiation:

Debit card substantiation is typically required for individuals who have a flexible spending account (FSA) or a health savings account (HSA) linked to their debit card. Employers or debit card providers may request substantiation to ensure that the expenses incurred using the card are eligible and comply with IRS regulations. Additionally, individuals who want to claim reimbursement for eligible expenses may need to provide debit card substantiation as part of the reimbursement process.
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Debit card substantiation is the process of verifying the accuracy and validity of debit card transactions by providing supporting documentation.
All individuals or entities using debit cards for business purposes are required to file debit card substantiation.
To fill out debit card substantiation, you must provide documentation of each debit card transaction, including date, amount, merchant, and business purpose.
The purpose of debit card substantiation is to ensure that debit card transactions are legitimate and comply with accounting standards.
On debit card substantiation, you must report date, amount, merchant, and business purpose of each transaction.
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