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… Read More
BRiBlog
Sharing Information & Opinions on Tax-Free Health & Commuter Benefits
3 Considerations When Evaluating Commuter Benefits
Part One: 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… Read More
5 Myths About Pre-tax Benefit Accounts
Whether you are a participant exploring your benefit options or an employer preparing a benefits package, you may have formed certain myths about pre-tax benefit accounts. In a perfect world, we would all have a clear understanding of the different types of accounts that exist and understand how each can provide certain benefits and advantages…. Read More
Three Steps to a Mid-year Benefits Check-in
When it comes to benefits planning, there are often no simple answers or quick fixes. There may have been a time when an insurance broker came to your office before your intended open enrollment period, you signed on the dotted line and presented the plan to employees the following week. However, it seems benefits planning… Read More
3 Tips for Employers to Better Communicate the Advantages of Pre-tax Employee Benefits
Nearly 70 percent of employees said they had experienced rising healthcare costs over the past two years, according to the 2016 Workforce Benefit Report sponsored by Bank of America and Merrill Lynch. As these costs continue to increase, managing the overall cost of healthcare, both over the short- and long-term, remains a big concern for employees…. Read More
Be an HR Superhero: Drive HSA Adoption
Case Studies and Best Practices Revealed Making the decision to implement an HSA is only the first step. Many companies fall short of their goals by failing to drive adoption. This FREE webinar looks at opportunities to drive HSA adoption by examining: Three strategies for introducing and increasing HSA adoption, including practical case studies where… Read More
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 lets your employees save money by providing tax breaks for using public transit to and from work, vanpools or parking near your company. The federal… Read More
Commuter Benefits at Risk — The 5 losses
As you may be aware, Congress announced plans last Wednesday to “cut taxes” and “simplify the tax code”. Through this process to simplify the tax code, Congress is considering eliminating many tax provisions, putting commuter benefits at risk. On the surface, commuter benefit plans may appear to be an easy grab to offset other tax cuts…. Read More
4 questions to ask when evaluating pre-tax employee benefits
When it comes time to evaluate which pre-tax benefit options to offer to your employees, there are many factors you need to consider. Obtaining the best possible plan requires you to know both what your employees want and also how the benefits fit within your business culture. While pre-tax benefits provide a way for your employees… Read More
The growing popularity of commuter benefit programs
Employers are always seeking new ways to boost employee morale, job satisfaction and retention. A great new way to accomplish these three goals is by providing pre-tax commuter benefit programs (CBP), which is why these arrangements have seen such significant popularity growth in recent years. Read on to learn more about why commuter benefit programs… Read More
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