At Benefit Resource, we are grateful for all 2019 has brought and we are looking forward to 2020 with high hopes. We wanted to say Happy Thanksgiving and list a few items we are grateful for… Growth In August, we made a decision that set a course for strong continued growth, along with the ability… Read More
Benefit Resource Announces Strategic Investment by CIP Capital
ROCHESTER, NY – Benefit Resource Inc. (BRI), a leading third-party administrator of pre-tax benefits (including FSA, HSA, HRA and commuter benefit plan programs) and COBRA services, today announced the completion of a strategic investment by CIP Capital, a private equity firm focused on platform investments in growth-oriented, middle-market companies across the Business Information and Tech-Enabled… Read More
Houses Votes to Repeal Cadillac Tax
On July 17, 2019, House passed H.R. 748, the Middle Class Health Benefits Tax Repeal Act, to repeal the “Cadillac Tax”. The bill passed by a nearly unanimous vote in favor of repeal. What is the Cadillac Tax? The Cadillac Tax was originally passed in the Affordable Care Act as a cost-containment measure. It would… Read More
New Jersey passes first statewide Commuter Benefit Ordinance
On Friday, March 1, 2019, New Jersey became the first state to adopt a commuter benefit ordinance with the passage of S.1567. While some of the details regarding the implementation are still outstanding, there are a few things we do know. What are the basics? Every employer in the State of New Jersey that employs… Read More
All I want for Christmas is…the Tax Cuts and Jobs Act?
While many of us finish our holiday preparations, Congress is working on some last minute “gifts” of its own. Late Friday, December 15, 2017, Congress released the final Tax Reform Bill. This bill resolves the differences between the House and Senate versions of the Tax Cuts and Jobs Act. The House approved the resolution with a 227-203… Read More
Tax Reform — What you need to know about pre-tax and fringe benefits
If you watch, read or listen to any type of news, you know that the House unveiled its tax reform bill. However, pre-tax accounts and fringe benefits are not one of the highly covered components of the bill you likely heard about. Currently, the Ways and Means Committee is working on mark-ups. Additionally, the Senate is preparing… Read More
MTA Votes to Increase Fares
The fares for the Metropolitan Transportation Authority (MTA) of New York City are set to increase on March 19, 2017. Key Fare Changes to Understand Lower bonus/discount rates: While the base fare on subways and buses will remain at $2.75, rides will receive a lower bonus or discount rates when loading value to a MetroCard. Previously, you… Read More
Lyft Now Offering Eligible Commuting in Select Cities
As Benefit Resource continues to expand its network of qualified merchants and service providers, we are excited to announce that the Beniversal Prepaid Mastercard and eTRAC Prepaid Mastercard may now be used for qualified Shared Rides (previously Lyft Line) under a Commuter Benefit Plan. How does it work? Participants open the Lyft app and select the Shared mode… Read More
Beniversal and eTRAC Cards now accepted for uberPOOL
We are excited to announce that the Beniversal Prepaid Mastercard and eTRAC Prepaid Mastercard may now be used for qualified uberPOOL rides under a Commuter Benefit Plan. How does it work? Participants will select their Beniversal or eTRAC card as the payment source within the Uber app and request an uberPOOL. Uber will then automatically direct them… Read More
Higher Metra Fares Looming for Chicago Commuters
Beginning February 1, commuters in Chicago can expect to see their Metra fares rise by an average of 5.8 percent. The increase marks the third such change to fares in three years. Details of the pending increase, as well as Metra’s 2017 budget, can be found on their website. *To avoid insufficient funds – Commuter… Read More
