If you are looking to use your flexible spending account (FSA) or health savings account (HSA) for eligible expenses, you may wonder what the Merchant Category Code (MCC) is to receive payments through these accounts. The MCC code associated with FSA and HSA payments is crucial for merchants to enable these payment options for their customers.
When making purchases for qualified medical expenses using your FSA or HSA card, the MCC code ensures that the transaction is categorized correctly for tax purposes and compliance.
Here is the MCC code commonly used for FSA and HSA payments:
Understanding what the Merchant Category Code (MCC) is can significantly enhance your experience when using your flexible spending account (FSA) or health savings account (HSA) for qualified medical expenses.
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