INDEMNITY CLAIM PAYMENTS

Workers' Compensation Prepaid Debit Card Indemnity Payments to Injured Workers

 

INDEMNITY CLAIM PAYMENTS

Workers' Compensation Prepaid Debit Card Indemnity Payments to Injured Workers

 

Reloadable Prepaid cards

The InsurCard Indemnity Payment Solution uses a reloadable Mastercard prepaid debit card, instead of a check, to deliver workers’ compensation benefits to injured workers. For new claims, an electronic data file is sent to the card processor to issue payment, and a card is mailed to the claimant. All subsequent payments are loaded onto the same card. Claimants can use the card to withdraw cash at ATMs, receive a cash disbursement through a bank teller, transfer money to their own bank account or for purchases at merchants wherever debit Mastercard is accepted.

For workers’ compensation, disability, & annuities… any line of business where recurring benefits are being delivered, InsurCard is compliant with industry regulations with written approval in 45 states plus the District of Columbia.

DID YOU KNOW…

“In 2024, debit card payments reached 120.6 billion—while credit card payments were only 67.1 billion”

2025 Federal Reserve Payments Study

Benefits

  • Claimant funds are immediately available with no time delay for check clearance and since there are no checks there are no check cashing fees
  • The debit card may be used at banks, ATMs, and for point of sale or online purchases from merchants
  • The funds on the card are fully protected against loss or theft
  • The Cardholder can setup real time transaction notification on the website and use the phone system for balance inquiries and simple transactions

The InsurCard Advantage

  • InsurCard has written legal approval from 45 states to pay workers’ compensation indemnity claims via debit card

  • Insurer’s check issuance and post-issuance costs are reduced by up to 85%
  • Customer service improves as we provide 24/7 bilingual customer support and access to an online website
  • The InsurCard payment is issued directly from the insurer’s claims system
  • Recurring benefits are delivered to the recipient exactly when due
  • Fraud is reduced as card activation requires specific information known only to the claimant

  • Lost or stolen checks no longer need to be replaced, and uncertainty caused by mail delays or address changes is eliminated

DID YOU KNOW…

“In 2024, debit card payments reached 120.6 billion—while credit card payments were only 67.1 billion”

2025 Federal Reserve Payments Study

Benefits

  • Claimant funds are immediately available with no time delay for check clearance and since there are no checks there are no check cashing fees
  • The debit card may be used at banks, ATMs, and for point of sale or online purchases from merchants
  • The funds on the card are fully protected against loss or theft
  • The Cardholder can setup real time transaction notification on the website and use the phone system for balance inquiries and simple transactions

The InsurCard Advantage

  • InsurCard has written legal approval from 45 states to pay workers’ compensation indemnity claims via debit card

  • Insurer’s check issuance and post-issuance costs are reduced by up to 85%
  • Customer service improves as we provide 24/7 bilingual customer support and access to an online website
  • The InsurCard payment is issued directly from the insurer’s claims system
  • Recurring benefits are delivered to the recipient exactly when due
  • Fraud is reduced as card activation requires specific information known only to the claimant

  • Lost or stolen checks no longer need to be replaced, and uncertainty caused by mail delays or address changes is eliminated

The Eight Steps of the InsurCard Process for Indemnity Claim Payments

STEP 1

Claims payment is authorized to InsurCard.

STEP 2

Bank sends personalized card to the claimant.

STEP 3

Claimant receives InsurCard and activates by phone, web, or ATM.

STEP 4

Claimant uses InsurCard at ATMs and merchants.

STEP 5

Bank provides 24/7 support by phone and web.

STEP 6

Additional payments authorized to the claimant.

STEP 7

Bank loads additional payments to the same InsurCard.

STEP 8

Bank provides insurer with reconciliation and statistical reporting.

The Ten Steps of the InsurCard Process for Indemnity Claim Payments

STEP 1

Claims payment is authorized to InsurCard.

STEP 2

Bank sends personalized card to the claimant.

STEP 3

Claimant receives InsurCard and activates by phone, web, or ATM.

STEP 4

Claimant uses InsurCard at ATMs and merchants.

STEP 5

Bank provides 24/7 support by phone and web.

STEP 6

Additional payments authorized to the claimant.

STEP 7

Bank loads additional payments to the same InsurCard.

STEP 8

Bank provides insurer with reconciliation and statistical reporting.

States Approved

States Approved

Call Today

860-838-7990

Call Today

860-838-7990

InsurCard® is the leading issuer of debit cards for the payments of property claims and casualty claims. Workers’ Compensation claim payments are made with state approved prepaid programs for injured worker benefits.

Get More Information

Have a question about the InsurCard programs? Speak with an associate today.

Have An Associate Call You

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InsurCard® is the leading issuer of debit cards for the payments of property claims and casualty claims. Workers’ Compensation claim payments are made with state approved prepaid programs for injured worker benefits.

GET MORE INFORMATION

Have a question about the InsurCard programs? Speak with an associate today.

Have An Associate Call You

SHARE WITH AN ASSOCIATE

Share this page with friends and business associates through social media and email.

CORPORATE HEADQUARTERS
2 Essex Sq, Suite 7
Essex, CT 06426

SALES & PRODUCT INFORMATION
Phone: 860-838-7990
Email: khunt@InsurCard.com

CORPORATE CUSTOMER SERVICE
Phone: 860.838.7990
Email: support@InsurCard.com