We love touting all the reasons pre-tax benefit accounts are basically the best thing since sliced bread, but today weāre talking about specialty accounts. These are typically post-tax reimbursement accounts that are a desirable benefit for participants. Wellness reimbursement and tuition reimbursements are probably some of the most common specialty accounts, but there are so… Read More
Help your employees better understand pre-tax benefits
We analyzed our website to determine what pages employees were visiting the most in 2020. By doing so, we hope that it will help you assist your employees in finding the resources they need. As a result, this should help them better understand pre-tax benefits and how to effectively use their accounts. Benefits and COVID-19… Read More
FSA Relief Considerations Q&A
We are excited to provide you with some additional insight into theĀ FSA relief optionsĀ for Health and Dependent Care Flexible Spending Accounts, included in theĀ year-end spending billĀ signed into law on December 27, 2020. While these provisions are temporary, they provide much-needed relief during these unprecedented times. Plan sponsors should consider several factors as relief options are… Read More
What will commuting in 2021 look like?
As the year comes to a close, employees and employers alike might be left wondering what to expect from commuting in 2021. Will the remote work trend continue? What will the effect be on mass transit systems and parking services, which have already seen major hits in metropolitan areas? Let’s review the biggest change COVID-19… Read More
Financial Wellness Lessons from 2020
BRI employees are in a unique position; we handle pre-tax benefits administration for thousands of participants every year, and utilize the same plans we sell! Many of the plans focus on savings, financial wellness, and health. We wanted to share the main lessons BRI employees learned about financial wellness in 2020.Ā Financial Wellness Lessons Kimberly… Read More
Worried about using up your childcare FSA funds?
Families utilizing dependent care flexible spending accounts (FSAs) are up against a December 31st deadline. Many are in danger of losing their funds. However, some parents might find some relief in their company’s run out period for the plan. The end of the year is a busy time for people with pre-tax benefits. If you… Read More
Will COVID-19 affect non-discrimination testing results?
The time is fast approaching to complete your non-discrimination testing. Obviously with COVID-19, this year was quite a bit different than the previous. So, comes the question: will COVID-19 affect your non-discrimination testing results? What is non-discrimination testing? The IRS requires you to prove that your top paid employees and those in the highest positions… Read More
This unexpected tool can help reduce stress from COVID-19
You probably feel like you’ve done everything you know to reduce stress from COVID-19. But have you considered using your benefits from work? If you have a tax-free account like a health savings account, it might come in handy. While an HSA might not be the first thing to come to mind, this benefit account… Read More
Why aren’t masks and PPE items eligible expenses?
Since the coronavirus outbreak began, the government has made adjustments to what items can be purchased through a tax-deferred health account. These accounts include health savings accounts, flexible spending accounts and health reimbursement accounts (or arrangements). However, no steps have been taken to make masks and PPE items eligible. Here’s why. What’s changed so far?… Read More
Five Ways to COVID-Proof Your Election for 2021
Flexible Spending Accounts (FSAs) have always relied on a certain level of predictability when it comes time to estimating your election. But, with a year like 2020, it might take just a few extra steps to COVID-proof your election for 2021. 1. Estimate your Guaranteed Expenses We all have certain unavoidable medical expenses. These are… Read More
