SpotHero’s Vertical Operations Manager Arooj Aslam sat down with CEO Jason Hall to discuss the BRI & SpotHero Partnership. This partnership provides commuter participants the best way to find a parking spot quickly and gain a touchless experience to pay for it using their pre-tax dollars.
BRI & SpotHero Partnership Q&A
Question 1: Who is SpotHero?
SpotHero is a digital parking reservation service that helps drivers find, reserve & access parking spots in 300+ cities across North America. This is done through the SpotHero app, available on the App Store and Google Play.
Additionally, SpotHero also offers corporate solutions to help employees pay for work-related parking expenses. Similarly, participants with a Commuter Benefit Plan can use their benefits card in the SpotHero app to pay for workplace commuting expenses.
Question 2: Who is Benefit Resource (BRI)?
Since 1993, BRI has provided pre-tax benefits (including Commuter Benefit Plans) and COBRA to companies across the United States. Additionally, BRI recently launched a digital wallet solution. This solution allows participants to connect their Beniversal® Prepaid Mastercard® to Apple Pay®, Google Pay®, and Samsung Pay® to make contactless payments.
Question 3: How have parking needs shifted with COVID-19?
Search demand for parking is growing because individuals are opting to drive to work rather than take public transportation. Compared to last year, SpotHero has seen a 33% increase in searches for monthly parking.
Additionally, employers are opting to help employees pay for parking. Often, this is by taking advantage of pre-tax savings available through a Commuter Benefit Plan.
Question 4: What should employers know about Commuter Benefit Plans?
Per IRS regulations, mass transit account contributions are separate from parking account contributions. Employers already offering commuter accounts can allow employees to direct new elections from a mass transit account into a parking account going forward. BRI clients can contact their Specialist if they need assistance.
Question 5: What should individuals who plan to use the SpotHero app know?
Those who use the SpotHero app can save time and money on their workplace commute by reserving their parking ahead of time using the SpotHero app. And now, they can also park safer. The new touchless filter on the SpotHero app enables users to search for touch-free locations to park.
Question 6: What should BRI commuter participants know about using SpotHero?
It’s easy to connect your Beniversal card to the SpotHero app. Once connected, participants can start using their pre-tax commuter funds to pay for their workplace parking needs.
Start Using the SpotHero App
Make your work commute work for you. Download the SpotHero app today and connect your Beniversal card to start saving on workplace commuting expenses.