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 […]
