What is eligible under a Mass Transit Account?
If you live in a metropolitan area, there’s a good chance you take mass transit to or from work. If you use mass transit for work and you are enrolled in a pre-tax Commuter Benefits Plan (CBP) through your place of employment, you’ll want to be aware of what you can (and can’t) purchase with […]
Navigating Inflation and the Strategic Role of Employee Benefits
In the dynamic landscape of the modern workforce, employers and HR professionals are faced with the challenge of not only attracting top talent but also ensuring the well-being of their existing employees. One often-overlooked aspect that plays a pivotal role in employee satisfaction, particularly during times of inflation, is the impact of rising costs on […]
Managing Employment Complications and Pre-Tax Benefits
Facing unemployment or managing a $200 monthly commute can be challenging. While we can’t offer a magic solution, we can provide practical advice on utilizing pre-tax benefits to improve your situation. Managing Job Loss with COBRA Job loss can be a stressful experience, especially when it comes to maintaining coverage for you and your family. […]
Commuter Benefits and HSAs: Two of a Kind
Commuter Benefits and Health Savings Accounts (HSAs)? You might ask yourself, “What do they have in common?” One is for workplace commuting. The other is for eligible medical expenses. Surprisingly, Commuter Benefits and HSAs actually share at least 3 common traits (in addition to the tax advantages) to make them powerhouse benefits. FUNDS AUTOMATICALLY ROLL This is […]
Tips for the Early Plan Year
Pre-tax benefits are a powerful tool for saving money and maximizing your income. From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. As the new plan year kicks off, it’s the perfect time to dive into the basics, understand how these benefits work, […]
Navigating Commuter Ordinances
Commuter ordinances have become integral in addressing the challenges of urban transportation, shaping the landscape of employee benefits and corporate responsibility. These local regulations aim to promote sustainable commuting options and reduce environmental impact. They intersect with pre-tax benefit programs, providing tax advantages for both employers and employees. Benefit Resource (BRI) shared our thoughts with […]
Where Do Commuter Benefits Fit in the Future of Work?
The pandemic has significantly transformed the nature of work, leading to a shift towards greater flexibility in work arrangements. However, the return-to-office trend can pose challenges, particularly for employees accustomed to remote work. BRI shared our thoughts with TalentCulture and emphasized the importance of balancing onsite work with remote options to promote team cohesion and […]
Tips and Resources for Every New Plan Participant
After much consideration, you’ve made the wise decision to enroll in a pre-tax benefit plan. As a new plan participant, you will experience significant savings on eligible items and services in the coming months! To help you make the most of your account(s), here are some helpful reminders, tips and valuable resources. How do I […]
New to Benefits Education Series for HR Professionals and Advisors
In the ever-evolving realm of employee benefits, staying ahead of the curve is essential for HR professionals and benefits advisors. Understanding the intricacies of pre-tax benefit plans and COBRA regulations is crucial, but for those new to the field, it can be a challenging endeavor. Recognizing this need, Benefit Resource (BRI) has introduced a groundbreaking […]
Health and Wellness Initiatives to Boost Employee Morale in the Winter Months
As the winter months roll in, many employees can experience a dip in their morale due to factors like cold weather, shorter daylight hours, and holiday stress. As employers and HR professionals, it’s essential to take proactive measures to boost employee morale during this time. A well-rounded approach to health and wellness initiatives can make […]
Imputed income: The real reason behind those pesky receipt requests
Imputed income is a little bit of a mystery. It’s not overly common. However, when you encounter it, you can be left with an uneasy feeling. Let’s start by covering what it is. Then we’ll go over why it happens and how to prevent it. What is imputed income? The technical definition is: when the […]
Unpacking the New Chicago Transportation Benefits Program Act
The bustling city of Chicago has always been a hub of activity, with its iconic skyline, diverse neighborhoods, and thriving business landscape. Signed into law on July 28, 2023, a new Illinois commuter ordinance, Transportation Benefits Program Act, has been put into effect, aiming to enhance commuter benefits and promote sustainable transportation options for employees. […]
Say this, not that: Taboo words in your benefits communication
We wrote a piece on benefits communication a while ago, focused on clearing up 9 confusing benefits terms. Benefits are a tricky topic. That includes pre-tax benefits. This makes proper benefits communication crucial. So, knowing that benefits communication is complicated (even if it’s not intentional), this blog will equip you to reframe confusing Open Enrollment […]
3 Considerations When Electing Commuter Benefits
Part Two: What employees should consider when electing commuter benefits. Commuter benefits provide employees with a number of advantages. When electing commuter benefits, it is important to consider your tax savings, eligible expenses and flexibility. #1 Tax Savings If your company provides a commuter benefit plan, you have the opportunity to save on your daily […]
The ABC’s of Commuter Benefits
As the school year comes to a close for many across the country, it might be time for all of us to review what we have learned and consider the ABC’s of Commuter Benefits. After-tax purchases cost you on average 30-40% more than pre-tax purchases. Before tax elections allow you to set aside funds on a […]
6 ways to improve your commute
Whether you navigate through bustling city streets, brave the crowded public transportation systems, or tackle long distances behind the wheel, we understand the frustrations and monotony that can accompany your daily journey. But fret not! Our mission is to help you reclaim this valuable time and transform it into a stress-free experience. The Beniversal® or […]
4 advantages businesses enjoy with commuter benefits
Although pre-tax employee commuter benefits sound like they only assist your staff, the truth is that these programs also provide significant advantages for your business, as well. A Commuter Benefit Plan (CBP) helps your employees save money by providing tax breaks for using public transit to and from work, vanpools or parking near your company. […]
BRI Events Update
As a leading pre-tax benefits provider, Benefit Resource (BRI) has actively participated in various events to showcase our innovative solutions and expand our network. We recently attended several industry gatherings and plan to attend more in the near future. This blog post will update you on what tradeshows we’ve been to and what shows we plan to attend. For those always on the lookout for the latest employee benefits, this post is for you!
Register for our Upcoming Webinar: Benefits in Turbulent Times: Impact of the End of the Pandemic
The COVID-19 pandemic has forced many changes in the way we live and work. Recently, the H.J. Res 7 was passed, which ends the current public health emergency related to COVID-19. As an employer, it is important to understand what this means for your organization, particularly regarding consumer-direct benefits and COBRA. BRI is offering a […]
What the End of the Pandemic Means for Consumer-Direct Benefits and COBRA
The COVID-19 pandemic has wreaked havoc globally, challenging leaders and healthcare professionals at every turn. Recently, on April 10th, the H.J. Res 7 bill was signed into law, calling for the end of the national emergency declaration for COVID-19, which was put in place to mitigate the pandemic’s effects. This triggers the process and timeline […]
Identifying the “Perks” on National Employee Benefits Day
National Employee Benefits Day is celebrated on April 6th. This day is dedicated to recognizing employers’ hard work and dedication that provide valuable benefits to their employees. This year, we celebrate this event amid uncertain times, where the need for good employee benefits has become more critical than ever before. In honor of National Employee […]
3 Considerations When Evaluating Commuter Benefits
What employers should consider Finding the right Commuter Benefit Plan (CBP) doesn’t have to be difficult. There are steps you can take to narrow down your plan options and determine which CBP is the best fit for your company and your employees. When evaluating commuter benefits, there are three primary considerations you should make (along […]
Is Commuting Making a Comeback?
In the wake of the pandemic, many companies were forced to transition to a remote work model. With the pandemic seemingly coming to an end, many employers are beginning to consider bringing back their commuting options. It’s no secret that commuting can be a drag. Not to mention, it can be costly. But what if […]
Can Commuter Benefits Help Employees Return to the Office?
In these ever-changing times, commuter benefits are becoming increasingly important. Comprehensive commuter benefit programs provide employees with flexible transportation choices and employers with a visible commitment to their workforce’s wellbeing. As more people return to the office for at least part of the week, commuter benefits enable employees to make informed decisions about how they […]
