Beniversal Card Substantiation Requirements Guide

This guide outlines the substantiation requirements for using the Beniversal Prepaid Mastercard for eligible medical expenses. The Internal Revenue Service mandates that all pre-tax expenses must be substantiated as valid transactions. Users may receive requests for receipts if the transactions cannot be automatically verified as eligible. An itemized receipt or Explanation of Benefits (EOB) is required for substantiation. The document details what constitutes an itemized receipt and how to obtain one. It explains the likelihood of receiving substantiation requests based on the type of merchant and provides strategies to limit such requests. Additionally, the guide describes the process for submitting requested receipts through various methods, including online, via a mobile app, or through mail. It also outlines the consequences of failing to substantiate expenses, including card suspension and potential tax implications. The guide emphasizes the importance of retaining receipts for all pre-tax account transactions.