The injured worker receives a welcome packet by mail containing a preloaded debit card for workers’ compensation payments. Future claim payments are transferred electronically to the same card without delay. The adjuster follows the standard process and selects the debit card payment option.

Most states have approved InsurCard’s workers’ compensation and provider payment programs through either formal letters or published workers’ compensation statutes. Approval requirements and the responsible oversight bodies vary by state.

InsurCard processes provider files at no cost for virtual payments, checks, and ACH transfers. For indemnity payments, insurers save by mailing one debit card instead of multiple checks. They also reduce “Where’s my check?” calls to adjusters and the costs of voids, stop payments, and other accounting tasks.

The InsurCard Virtual Card is a prepaid debit card used for provider payments without issuing a physical card. It can be sent by fax or email or downloaded to a phone. Like a physical prepaid card, it includes a card number and expiration date for workers’ compensation or property provider payments. For added security, this information may be concealed in a scannable barcode.

InsurCard’s Virtual Card addresses providers’ key concerns about workers’ compensation payments. It requires no enrollment or new technology, and the EOB arrives with the payment. Providers can receive funds as soon as the virtual payment arrives.

Acceptance of InsurCard indemnity card payments has reached up to 90% and continues to grow. In the United States, debit cards are now used more widely than cash, credit cards, or checks.