Treasury Reminds Unemployment Compensation Claimants to Prepare for New Prepaid Debit Card - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 8, 2023 Newswires
Share
Share
Post
Email

Treasury Reminds Unemployment Compensation Claimants to Prepare for New Prepaid Debit Card

Daily Review, The (PA)

HARRISBURG — The Pennsylvania Treasury Department is reminding claimants of Unemployment Compensation (UC) and State Workers' Insurance Fund (SWIF) that changes are coming to the way benefits are paid to those who utilize the programs' prepaid debit card option.

Important information, including a new Money Network prepaid debit card, will be mailed to affected claimants. It is imperative that UC and SWIF claimants verify that their correct mailing address is on file with the Department of Labor and Industry (L&I) to ensure all materials are received in a timely manner. Claimants can also choose to change their payment method to direct deposit by visiting L&I's website.

The new Money Network prepaid debit card, issued by My Banking Direct, will replace the U.S. Bank ReliaCards® currently in use. The new cards will arrive in a plain white envelope with an Omaha, Nebraska, return address. Recipients should be sure to remove the card before discarding the envelope.

February 28, 2023, was the last day UC/SWIF benefit payments were loaded to Reliacards. Funds will not transfer from Reliacards to new Money Network prepaid debit cards. Those with remaining funds on their Reliacard should continue to use the card until its balance reaches zero ($0.00). Remaining funds can also be transferred to a personal savings or checking account.

Benefit payments will begin to be loaded onto the new Money Network prepaid debit cards on March 24, 2023.

Those who have filed or will file claims between February 17, 2023, and approximately March 20, 2023, will likely receive one or more benefit payments via check issued by the Pennsylvania Treasury Department and mailed to the address on record with L&I. This is another reason it's necessary for claimants to verify their correct address with L&I. UC claimants can now update their mailing address by logging into their account.

L&I is allowing claimants who do not want to receive paper checks to voluntarily choose not to file claims for the five weeks ending Saturday, February 25, through Saturday, March 25, 2023. Those taking this option would then be able to file for all five weeks between Friday, March 24, and Saturday, April 1, 2023, without those claims being considered late or having to be reopened. The accumulated benefits would then be loaded directly onto the new Money Network prepaid debit cards, eliminating any paper check payments during the transition period.

While the number of people affected by this change will vary depending on the number of claims, approximately 47,000 claimants statewide will receive Money Network prepaid debit cards by the end of March. Nearly all of those will be recipients of UC benefits; the number of SWIF benefit recipients affected by the change is estimated to be fewer than 20.

Treasury makes no determinations regarding UC and SWIF eligibility or benefit payment amounts. All questions regarding program eligibility and payment amounts should be directed to L&I.

For more information on the transition to new Money Network prepaid debit cards visit Treasury's webpage about the transition, Treasury's FAQ, and L&I's UC website.

Direct URLs for the relevant resources from Treasury and L&I are:

https://www.patreasury.gov/UCdebitcard

https://www.patreasury.gov/UCdebitcardFAQ

https://www.uc.pa.gov/faq/claimant/Pages/Debit-Card-FAQs.aspx

https://www.uc.pa.gov/faq/claimant/Pages/Direct-Deposit-FAQS.aspx

In 2022, as Treasury's contract with U.S. Bank for the ReliaCard was coming to an end, Money Network was selected as the successful bidder to provide debit card services to the UC program following an extensive and open competitive procurement process. Money Network Financial, LLC, is a wholly owned subsidiary of Fiserv, headquartered in Brookfield, Wisconsin. The Money Network prepaid debit card is issued by My Banking Direct, a service of New York Community Bank.

Claimants with questions can email UCDtreasuryweb@patreasury.gov or call 877-869-1956.

Older

March truly rolls in like a lion …

Newer

Ecojustice: Federal Government Must Put An End To Financial Industry Greenwashing Following OSFI Guideline

Advisor News

  • CT governor’s candidates claims: What’s true, and what’s misleading
  • Retaining clients by giving them a memorable experience
  • Addressing the longevity paradox
  • Employers shift focus from retirement access to financial outcomes
  • Helping widowed clients navigate their new financial reality
More Advisor News

Annuity News

  • National Life Group expands annuity portfolio
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
  • USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
  • How flexible annuities fit today’s retirement portfolios
  • Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity News

Health/Employee Benefits News

  • Reports Outline OBGYN and Reproduction Study Findings from Health Care Cost Institute (Hospital Bypass Among Rural Obstetric Patients With Commercial Health Insurance): OBGYN and Reproduction
  • Madison Faces Higher Library and Health Insurance Costs as Officials Look Ahead to 2027 Budget
  • The percentage of people without health insurance is growing
  • MORE THAN 4 MILLION MEDICARE BENEFICIARIES WILL HAVE THEIR MEDICARE ADVANTAGE OR STAND-ALONE PRESCRIPTION DRUG PLAN TERMINATED AT THE END OF 2026
  • Plans with cheaper premiums are risky business for Americans seeking lower healthcare costs
More Health/Employee Benefits News

Life Insurance News

  • Palmetto Heritage and Atlantic Coast Life Announce Discussions Regarding Potential Acquisition
  • Jury finds insurance company acted in bad faith, awards Nebraska woman $11.3M
  • AM Best Affirms Credit Ratings of GIG Insurance – Egypt S.A.E.
  • Symetra Named to Fortune Best Workplaces For Women™ List for Fifth Consecutive Year
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.