JP Morgan recently announced that it is the first major financial institution to enable insurance companies to use prepaid debit cards to deliver workers compensation benefits to injured workers.
The Chase Workers Compensation Card, issued by JP Morgan, provides insurance companies with an alternative method for paying injured workers and improves the benefits payment process by reducing the costs and time associated with paper-based check distribution.
Workers’ Compensation claimants benefit from efficient, economical and reliable access to insurance payments without having to wait for a check to arrive in the mail.
An Ohio insurance company is now offering the Chase Workers Compensation Card to claimants who receive repetitive payments. For more information please see go to JP Morgan’s press release “J.P. Morgan is First Major Bank to Offer Workers Compensation Debit Card.“
Hopefully we’ll see debit cards in this area soon.
Thanks for reading,
Eric L. Johnson
Ziff, Weiermiller, Hayden & Mustico, LLP
303 William St., Elmira, NY 14902
Tel: (607) 733-8866
Fax: (607) 732-6062
Toll Free: 1-800-943-3529