Now there's an easier way to implement and manage commuter and
flexible benefit plans without the need for your employees to
file claims and wait for reimbursement.
At TAI, we've
taken administration of employee benefit plans to the next level
with our real-time, online Flex payment system. Our software and
the mbi Flex Convenience® debit card (Card) is an unbeatable
works just like a credit card with immediate payment of the employees'
By using the
Card, employers experience greater FICA savings because the Card
has proven to:
Employee Participation by 25%; and
Employee Contributions by 37%.
It Works For Employees
1. Employee enrolls in any FSA (health and/or dependent care)
or Commuter Plan as before and the Card is mailed to their home
2. The Card
is signed and Employee begins using the Card for any of the pre-approved
merchants (pharmacies, dental offices, child care facilities,
transit agencies, parking lots, etc.). The Card is denied at liquor
stores, restaurants, and other inappropriate providers; and
account balances can be viewed online. Employees can also report
a lost or stolen Card as well as print transaction statements.
It Works For Employers
Commuter and dependent care accounts are funded monthly while
the health care accounts are funded up to the limits elected by
employees - same as current funding arrangement. Money management
techniques are incorporated into TAI's system to help Employers
manage their cash flow. Employers also have online access to view
management reports and Card usage. TAI continues to review all
plan expenses each day, except now we view them electronically.
information or an analysis about how the Card can benefit your
company, feel free to contact a TAI representative.