INSURCARD
Legally compliant, on-time, cost-effective electronic claims payments for the insurance industry.
Overview
INSURCARD is a leading provider of electronic claims payment solutions for the insurance industry, specializing in prepaid debit card programs for claims disbursements and benefit payments. Founded in 2007 as a wholly owned subsidiary of Service Network Design, LLC (founded 1997), the company enables insurers, workers compensation payers, and healthcare administrators to disburse funds electronically and securely -- eliminating paper checks and accelerating payment delivery to claimants and beneficiaries.
The company focuses on legally compliant, on-time electronic payments across workers compensation, property and casualty, and healthcare verticals. INSURCARD operates through Mastercard-approved processing centers with PCI-compliant infrastructure, and offers state-approved prepaid card programs that meet regulatory requirements across multiple jurisdictions.
INSURCARD serves insurance carriers, workers compensation self-insureds and third-party administrators, healthcare payers, and P&C claim departments seeking to modernize their claims payment processes. The company has participated in major industry conferences including WCI and NCSI, and has been recognized for advancing electronic payment adoption in the insurance sector.
Products & Services
Injured Worker Indemnity Payments
Prepaid debit card programs for workers compensation claimants providing weekly benefit payments. Programs are state-approved and meet regulatory requirements across various jurisdictions, offering claimants a faster and more convenient alternative to paper checks.
Key Features
- State-approved prepaid card programs for injured worker benefits
- Weekly benefit payment delivery
- Regulatory compliance across multiple states
Target Users: Workers compensation carriers, self-insureds, and TPAs
Provider Payment Solutions
Electronic payment processing for healthcare providers rendering services to injured workers in workers compensation contexts. Enables faster, paperless reimbursements for medical providers.
Key Features
- Electronic disbursements to healthcare providers
- Integration with workers compensation workflows
- Reduction of paper check processing costs
Target Users: Workers compensation payers, healthcare administrators
Property Claims Payments
Electronic disbursements for property, auto, liability, and catastrophe claims. Solutions designed specifically for property and casualty insurers to accelerate claims settlement.
Key Features
- Electronic payments for property, auto, and liability claims
- CAT claims disbursement capabilities
- Fast settlement delivery to claimants
Target Users: P&C insurance carriers and claim departments
Medicare Set-Aside (MSA) Management
A program helping MSA recipients manage their own insurance settlements using technology available through payment card networks. Enables injured workers to self-administer their Medicare Set-Aside accounts.
Key Features
- MSA fund management via prepaid card
- Self-administration tools for injured workers
- Compliance with CMS requirements
Target Users: Workers compensation claimants, TPAs managing MSA accounts
At a Glance
- Founded
- 2007
- Headquarters
- Worcester, Pennsylvania, USA
- Employees
- 51-200
- Funding
- Bootstrapped
Category & Focus
- Category
- Claims Technology
- Subcategories
- Claims Disbursements Electronic Payments Prepaid Card Programs
- Insurance Verticals
- Workers Compensation P&C Commercial P&C Personal Health
- Target Customers
- Carriers, TPAs
Customers
- State Farm (cited as insurance carrier customer)
- Workers compensation self-insureds and TPAs
- Healthcare payers
- Property and casualty claim departments
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Last updated: 2026-06-03