First Dollar Launches Virtual Card Feature To Secure & Streamline Health Care Payments

First Dollar, the health wallet for modern, member-first plans, has launched their Virtual Card feature. With the Virtual Card feature, First Dollar partners can quickly distribute funds to their members who now have immediate access to their funds to make qualified medical purchases and payments. First Dollar’s Virtual Card is currently live for all Piermont Bank accounts created after April 7, 2022.

Physical plastic cards can cost as much as $3 to $5 per card to distribute to members. However, virtual cards offer up to 95% cost savings with same-day availability. And no virtual cards will end . . .