How Does the Beniversal FSA Work?

The Beniversal FSA provides convenient and seamless access to your Flexible Spending Account by combining the Beniversal Prepaid MasterCard®, online and mobile account access and personalized service options. The Beniversal Card The Beniversal Prepaid Mastercard provides you with real-time access to your account funds to pay for eligible health care expenses. Benefit Resource uses information from the […]

What happens if my employment terminates before the end of the plan year?

Your Medical FSA will terminate as of the date your employment terminates. Eligible medical services provided prior to your date of termination will still be eligible for reimbursement, but services provided after the date of termination will not be eligible unless you are eligible for and elect to continue coverage under COBRA. See additional information […]

What dollar amount is available in my FSA?

The amount available for a Medical FSA = the total amount you elected for the current plan year minus any prior payments and reimbursements. The amount available for a Dependent Care FSA = the total payroll deductions posted to your Account for the current plan year minus any prior payments and reimbursements.

What is the advantage of enrolling in an FSA?

Enrolling in an FSA allows you to make tax-free salary contributions to pay for eligible medical and dependent care expenses that are not covered or reimbursed by any other source. FSAs increase your take-home pay by reducing taxable income, making these out-of-pocket expenses more affordable!

Can I change my FSA election during the plan year?

Generally, your election cannot be changed during a plan year unless you experience a Qualified Status Change (QSC) as defined by the Internal Revenue Service. A change in election must be on account of a QSC event, so the election change must be made within the time frame required by your Employer after the QSC. […]

How can I determine my Account balance?

There are several ways you can determine your account balance: It’s displayed on the Explanation of Benefits (EOB) issued with each reimbursement check/Direct Deposit advice. Access Account information 24/7 when you log into BRIWEB or by the BRiMobile app for mobile device users. Use the automated QuickBalance feature. Call Participant Services at (800) 473-9595 and […]

What is a Flexible Spending Account (FSA)?

A Flexible Spending Account (FSA) is part of the benefit plan offered to you by your employer and allows you to use tax-free dollars to pay for certain medical and/or dependent care expenses. There are two types of FSAs: a Medical FSA (for eligible medical services provided to you, your spouse or your dependent) and […]