An injured worked is mailed a debit card welcome packet with a preloaded debit card to be used for their  workers compensation payments. All future claims are transferred electronically to the same debit card with no delays. The adjuster process is the same by choosing the debit card option.

InsurCard workers compensation and provider payments have been approved by most states by a letter or a published workers compensation statute from the state legislature. The workers compensation oversight committee issues the approvals and are different from state to state.

InsurCard takes the provider file at no cost for virtual payments, checks and ACH’s. For Indemnity payments money is saved with one debit card mailing, instead of mailing many indemnity check payments. Insurers also save money in a reduction of “Where’s my check?” phone calls to adjusters and voids, stops and other accounting functions.

The InsurCard Virtual Card is a provider payment using a prepaid debit card that isn’t produced as a plastic card, delivered via fax, email or downloaded onto a phone. All Virtual Cards have a card number and expiration date, just like a normal prepaid debit card for workers compensation or property provider payments. For security, those numbers may be hidden with a scannable barcode.

InsurCard’s Virtual Card for workers compensation provider payments addresses key concerns expressed by doctors. There is no sign up required, no new technology to learn and EOB statements arrive with the virtual payment. The Insurcard Virtual Card allows the doctor or provider to be paid immediately when the payment arrives.

InsurCard’s indemnity card payments have an acceptance rate as high as 90 percent and have been climbing. Debit cards are now the most common form of payment in the United States, surpassing cash, credit cards, and checks.