Preparing for hurricane season means more than protecting your business. It also means thinking about how you'll support your employees if a federally declared disaster affects their lives. Having a plan in place before it's needed can help employers respond quickly when the unexpected happens. So, what does that look like? Let's answer a few common questions.

Discover the Solution

Broker: "One of my clients is preparing a disaster recovery plan. What are their options?"

Medcom: Our Medcom Cares Disaster Recovery Program provides a simple way to offer qualified disaster relief payments under IRS Section 139 through a pre-funded debit card.

Broker: "Does my client have to be a current Medcom customer?"

Medcom: No. Medcom Cares is available to both new and existing clients.

Employer: "What can employees use the funds for?"

Medcom: Employers choose the merchant categories that best fit their workforce, allowing employees to use funds for a variety of eligible everyday needs, including:

Understanding the Details

Employer: "Is this just like giving employees gift cards?"

Medcom: No. Employers control where funds can be spent, and any unused funds are returned after the 90-day program period.

Employer: "Is there a tax advantage?"

Medcom: Yes. Qualified disaster relief payments are tax-free for employees, aren't treated as taxable income, and are fully tax-deductible for employers under IRS Section 139.

Employer: "Can my client track the program once it's in place?"

Medcom: Yes. Employers can monitor how disaster relief funds are being used in real time on the Wealthcare Administration System.

Employer: "Do employees have to submit receipts or file claims?"

Medcom: No. Employees simply use their pre-funded Medcom Cares Card for eligible purchases and can conveniently access their account information online.

Implementation & Resources

Broker: "How long does it take to get my client up and running?"

Medcom: Implementation, setup, and card distribution typically take about two weeks. Once payment is received, cards are activated and mailed to employees.

Broker: "What should my client know about pricing?"

Medcom: Pricing varies based on the employer's setup and whether a standard or customized program is selected. Fees include a setup fee, administration fee, and a per-card fee.

Broker: "How do we request a proposal or learn more?"

Medcom: Visit our website to learn more or Request a Proposal. In the Additional Notes section, include your preferred merchant categories and projected contribution per employee.

When the unexpected happens, having a plan in place can make all the difference. Don't wait until the next storm is in the forecast. Prepare today with Medcom Cares.