Benefit Resource Launches Beniversal MasterCard

"The Beniversal card incorporates recent advances in prepaid debit card technology and announces a new era in consumer convenience for consumer driven healthcare (CDH) plans," says Tony DiBarnaba, president of Benefit Resource. Benefit Resource is a nationally recognized administrator of pre-tax benefits, including Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs) and Flexible Spending Accounts (FSAs).

Benefit Resource paid particular attention to selecting a new name for its healthcare benefits card, DiBarnaba says. "The Beniversal name underscores the card's powerful utility and announces the future direction of pre-tax benefits administration. Increasingly, consumers will use fewer cards to access more benefits and even greater levels of service. We believe the Beniversal name carries our promise to continue to enhance both the usefulness of our card and the quality of our service."

The Beniversal card is linked to online client services, including a secure feature at the Benefit Resource web site which allows consumers to track and manage pre-tax accounts. Users gain a true picture of costs, which helps them plan future spending. Such detailed reporting capabilities, along with online and human support resources, are essential to long-term consumer satisfaction with CDH plans, DiBarnaba says.

Beniversal cardholders can also enjoy auto-substantiation of purchases at point of sale when they use their card to purchase prescriptions and FSA-eligible over-the-counter (OTC) products at Walgreens. New SKU-detecting software used by Walgreens identifies purchases that qualify for pre-tax purchase under IRS regulations. It enables users to avoid later submission of receipts, making transactions truly paperless.