New Debit Card standards means less paperwork for you!
New Debit Card Standards for 2008
Effective January 1, 2008 the IRS has implemented an inventory information approval system (IIAS) for debit cards used for FSAs and HRAs. As of that date FSA and HRA debit cards used in grocery stores, discount stores, and online pharmacies will no longer work unless the merchant complies with the IIAS standard.
What this means is that when you use your card at an IIAS compliant merchant, only items that are eligible for FSA will be paid for by the card. Any other items will need to be paid for with another form of payment. It also means that purchases made at IIAS compliant merchants will no longer need any further substantiation.
For those purchases you will no longer receive receipt requests since only eligible items were paid for by the card.
If you have been using your debit card at merchants that will not be IIAS compliant effective January 1, 2008, the card will no longer work at those merchants starting on that date. For your reference, there is a list on the back of this notice of merchants that have already achieved compliance or have a target date set for compliance.
The IIAS standards are a very positive development since there will be a large decrease in the amount of times you will need to submit receipts after the use of your card. However, remember that you need to retain all receipts for FSA eligible expenses.
IIAS Participating Merchants for 2008
Last updated on November 29, 2007
Retailers Planning IIAS Compliance on or Before January 1, 2008 |
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ACME – SuperValu |
12/1/2007 |
Longs Drug Stores |
1/1/2008 |
Albertson’s – SuperValu |
12/1/2007 |
Lucky – SuperValu |
12/1/2007 |
A&P Supermarkets |
1/1/2008 |
Macey’s |
10/1/2007 |
Bigg’s – SuperValu |
12/1/2007 |
Meijer |
11/19/2007 |
Big Y Foods |
1/1/2008 |
OSCO – SuperValu |
12/1/2007 |
Brookshires |
1/1/2008 |
Pak’n Save Foods |
1/1/2008 |
Buehler Food Markets |
12/15/2007 |
Pathmark Stores |
12/15/2007 |
Carrs |
1/1/2008 |
Pavilions |
1/1/2008 |
Cubs – SuperValu |
12/1/2007 |
Price Chopper Supermarkets |
1/1/2008 |
CVS Pharmacy |
1/1/2008 |
Randalls |
1/1/2008 |
Dan’s |
10/1/2007 |
Rosauers/Super 1 Pharmacies |
1/1/2008 |
Dick’s |
10/1/2007 |
Roundy’s |
1/1/2008 |
Dierbergs |
1/1/2008 |
Safeway |
1/1/2008 |
Discount Drug Mart |
12/1/2007 |
Sam’s Club |
1/1/2008 |
Dominick’s |
1/1/2008 |
Sav-A-Center |
1/1/2008 |
Farm Fresh – SuperValu |
12/1/2007 |
Shaws – SuperValu |
12/1/2007 |
Food Basics |
1/1/2008 |
Shop & Save – SuperValu |
12/1/2007 |
Genuardi’s |
1/1/2008 |
ShopKo Stores/ShopKo Express |
11/15/2007 |
Giant Eagle |
12/1/2007 |
Shoppers – SuperValu |
12/1/2007 |
Giant Food |
12/31/2007 |
Star Market – SuperValu |
12/1/2007 |
Hannaford Food and Drug |
1/1/2008 |
Stop & Shop Supermarket Company |
12/31/2007 |
Harris Teeter, Inc. |
1/1/2008 |
Super 1 Foods |
1/1/2008 |
H-E-B |
1/1/2008 |
SuperFresh |
1/1/2008 |
Hen House Markets |
1/1/2008 |
Sunflower – SuperValu |
12/1/2007 |
Hornbachers – SuperValu |
12/1/2007 |
Sweetbay Supermarkets |
1/1/2008 |
Hy-Vee Drug Stores |
1/1/2008 |
Target Stores |
10/1/2007 |
Hy-Vee Food Stores |
1/1/2008 |
Tom Thumb |
1/1/2008 |
Jewel - SuperValu |
12/1/2007 |
Vons |
1/1/2008 |
Kerr Drug |
1/1/2008 |
Walbaum’s |
1/1/2008 |
Kroger |
10/1/2007 |
Wal-Mart Stores |
1/1/2008 |
Lin’s |
10/1/2007 |
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Retailers Planning IIAS Compliance During 2008 |
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Duane Reade* |
3/31/2008 |
United Supermarkets* |
4/1/2008 |
Fagen Pharmacy* |
Q1 2008 |
Walgreen Co.** |
2/1/2008 |
Giant Food Stores* |
1/30/2008 |
Wegmans* |
2/1/2008 |
Tops Market* |
1/30/2008 |
Winn- Dixie Stores* |
5/15/2008 |
Retailers Planning IIAS Compliance by January 1, 2009 |
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Drugstore.com** |
1/1/2009 |
Wilkinson Pharmacy* |
1/1/2009 |
Medicine Chest Pharmacy* |
1/1/2009 |
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* Will use Drug Store/Pharmacy Merchant Category Code at the pharmacy window, or throughout store if the retailer is a drug store until IIAS support is implemented.
** Already adjudicating claims at point of sale for card transactions on a non-IIAS standard.