If you use your debit card to pay for eligible purchases from your HSA, Limited Purpose FSA or Health Care FSA, the following new rules apply for 2009:

Debit card can only be used:

• At a merchant who has an inventory information approval system (“IIAS”) in place, or
  Pharmacies that can show more than 90% of its receipts come from the sale of products that are reimbursable under an FSA.
• If you use a pharmacy to make purchases where the debit card will not be recognized, you can pay cash and file a claim.

• Save your receipts – you may have to show the IRS the expense was qualified.
• Your HSA account balance must have sufficient funds in order for you to be reimbursed for your expense. Otherwise the transaction may not process properly or you could be charged an overdraft fee, or both.

• Save your receipts – you may have to show the IRS the expense was qualified.
• Most health care claims will be substantiated at time of checkout. If approved, you will be paid up to the plan year contribution amount you have elected – even if you do not have those funds yet available.  You will be advised through your online account site whether further substantiation is required.
• Dependent care expenses can not be reimbursed through the debit card. Log into your account at www.bankofamerica.com/benefitslogin for payment options.

• View your account activity and balance online.
• Request an electronic check, one time or recurring bill payments, such as orthodontia.
• Invest and manage your funds.
• Update your contact information.
• Order additional Debit Cards.
• Invest and Save for Your Financial Future: Bank of America offers an array of mutual funds with varying risk spectrums. You can invest in these funds once your Account balance is above $1,000. Fund information is available on Bank of America’s website.