This handbook from the Association for Commuter Transportation (ACT) provides recommendations on how to safely and efficiently return to your workplace as back to work efforts begin across the country.
The Beniversal® Prepaid Mastercard® and eTRAC® Prepaid Mastercard® provide you with convenient access to your mass transit and parking accounts. Here are a few quick tips to get started:
The maximum monthly pre-tax limit for parking and mass transit is set by the IRS each year.
For 2020 (January 1, 2020 and after) the maximum pre-tax monthly amount is $270.
For 2021 (January 1, 2021 and after) the maximum pre-tax monthly amount is $270.
When limits increase, BRI and your employer should automatically adjust your pre-tax and after-tax deductions to reflect the new limits.
NEED TO CHANGE YOUR ELECTION? Follow the process outlined by your employer to make a change to your election. You can expect changes to take effect in 1-2 payroll cycles (depending on your employer’s process).
When using the Beniversal Prepaid Mastercard or eTRAC Prepaid Mastercard, set your election to cover the full monthly cost of your mass transit or parking expense. This will ensure your card is loaded with the full amount of your expense and ensures seamless card use.
If the amount of your expense exceeds the monthly pre-tax limits, you can have after-tax funds withheld to total the full expense (if permitted by your employer).
Cash reimbursement for transit benefit plans are no longer an option based on Revenue Ruling 2014-32, which became effective 1/1/2016. Cash reimbursement continues to be available for parking accounts and vanpool services (when a service provider does not accept payment cards).
Get your funds faster and eliminate the risk of mail tampering or theft. Use Direct Deposit.
Log into your account at BRiWeb to sign-up for direct deposit today!
Note that at this time, the updated UberX Share and Lyft Share Rides programs no longer meet the IRS requirements for a Commuter Benefit Plan and are no longer eligible expenses.
Whether you have a Parking account, a Mass Transit account or both, your election(s) is evergreen. Your election will automatically recur each month until you make a change or stop your election. Additionally, funds roll over from month to month and year to year.
(But remember, Mass Transit and Parking are separate accounts. You can’t transfer funds from one account to the other or cash out unused funds.)
Your Beniversal Prepaid Mastercard / eTRAC Prepaid Mastercard can be used as a debit or credit card.
For credit: Swipe your card and enter your zip code if requested. If making a purchase online or through an app, fill out the required fields using your Card information.
For debit: Once you’ve set up a PIN*, proceed to use the Card as you would any other debit card.
*set up a PIN by calling 855-247-0198