SIGIS & Paladin POS - Staying compliant with IRS standards

SIGIS & Paladin POS Staying compliant with IRS standards Keep your pharmacy IRS-authorized and easy to regulate. Keeping track of FSA approved items can be time-consuming and confusing. How do pharmacies keep up with the frequent changes to the list of... More

SIGIS & Paladin POS Staying compliant with IRS standards Keep your pharmacy IRS-authorized and easy to regulate. Keeping track of FSA approved items can be time-consuming and confusing. How do pharmacies keep up with the frequent changes to the list of accepted items? No matter what complicated regulations come your way, Paladin is there to make it simple for your pharmacy to stay compliant. The Paladin and SIGIS integration keeps track of the IRS-approved items that can be purchased with flexible spending cards. FSA cards are meant to pay for medical supplies and services with pre-taxed dollars. In the past these cards were used anywhere medical supplies were sold, but the IRS found cardholders misusing. To put a stop to this, the IRS compiled a list of FSA (flexible spending account) items that are allowed to be purchased with the cards. When customers use FSA cards, their purchase must be compared to the IRS-reviewed list. How do pharmacies stay compliant? Paladin offers a S Less