The all-in-one card solution for tax-free benefit accounts
Beniversal started as an idea that individuals should have universal access to their pre-tax benefits. Whether participants are trying to catch a train or pick up prescriptions, they should have a simple, no hassle experience. This concept becomes a reality through the Beniversal® Prepaid Mastercard®.
Participants can conveniently access funds for eligible expenses through a single card source linked to their pre-tax benefits, including: Medical Flexible Spending Account (FSA), Health Savings Account (HSA), Health Reimbursement Account (HRA) and/or Commuter Benefit Plan (CBP). The card utilizes merchant, terminal and card payment rules to create a simple, convenient payment experience.
With just a swipe of the Beniversal Card at a qualified merchant, necessary funds for the transaction are deducted from the applicable account. No waiting for reimbursement.
Enable your card for contactless payments through Google Pay®, Apple Pay®, and Samsung Pay® digital wallets. Once you have set up your card through the digital wallet, you can pay for eligible expenses at healthcare or commuting locations, all from your phone! Find out more about using digital wallets on our FAQs page.
Using Beniversal for Health Care Services and Expenses
The Beniversal Card can be used at qualified merchants who accept Debit Mastercard. For a Medical FSA, HSA or HRA, these merchants include:
- Doctors, hospitals, medical labs
- Dentists, orthodontists
- Medical supply stores
- Vision centers
- IIAS merchants
- 90% merchants
Find IIAS merchants in your area with the store locator!
Do receipts need to be submitted when the Beniversal Card is used?
Participants should always keep receipts! The IRS requires administrators to ensure that 100% of FSA and HRA funds are used for eligible medical expenses. BRI has developed sophisticated technology and procedures to determine if a transaction is eligible. In the event that we cannot determine with certainty that the expense is eligible, we will directly contact the participant asking for further documentation. For HSA transactions, we will not request additional documentation, but participants should retain all receipts in case they are ever audited by the IRS.
Using Beniversal for Mass Transit and Parking Expenses
When participants utilize the multiple account technology of the Beniversal Card, they have instant access to mass transit and parking funds at approved merchants accepting Debit Mastercard. The Beniversal Card provides flexible payment options.
Here are a few ways to leverage the card:
|Pay at point-of-service||The Beniversal Card can be used directly at approved merchants providing mass transit and parking services.|
|Pay based on a bill or invoice||If a participant receives a bill or invoice for parking services and the approved provider accepts Debit Mastercard, the participant can provide the Beniversal Card number to initiate payment.|
|Link the Beniversal Card to a reloadable mass transit card||If a participant utilizes a reloadable mass transit card, the Beniversal Card can be linked to the reloadable card as the funding source.|
The Benefits of a Mastercard Alliance – ACCESS, SPEED, CONFIDENCE
Our alliance with Mastercard International Incorporated assures broad acceptance among approved service providers and speeds the transfer of funds from cardholders to service providers. It gives participants easy card access to multiple tax-free accounts and adds yet another level of security—cardholders are protected from unauthorized purchases if their card is ever lost or stolen.
Conditions and exceptions apply – see Cardholder Agreement.