Prepaid Debit Cards Allowed as Health-Insurance Payment

August 28, 2013
Wall Street Journal  
credit card news

The U.S. Department of Health and Human Services announced Wednesday that it would require insurers to let uninsured Americans pay for health coverage this fall with prepaid debit cards rather than limit them to bank-account transfers, though insurers can still opt not to accept automatic monthly payments from credit or debit cards.

The move to allow payment by prepaid card had been supported by consumer advocates, who said they wanted to guarantee access to coverage for "unbanked" Americans, and by card issuers such as MasterCard Inc. and Visa Inc.

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