MBI has revolutionized Qualified Transportation Accounts…With the swipe of a card

The mbi Flex Convenience® debit card system now available through P&A Group, allows employees to directly access the funds in their pre-tax Transit Accounts (IRS Section 132). This system provides significant benefits for everyone involved in the program: administrators are able to process claims more efficiently, employers decrease their payroll tax burdens while offering an attractive new benefit to their employees, and employees are able to take advantage of their pre-tax accounts without the traditional hassles of claims forms and double out of pocket expenses. The Flex Convenience debit card looks like a typical credit or debit card, and is issued under the MasterCard® or Visa® system, but is only accepted at specific types of merchant or provider locations as defined by merchant category codes (“MCCs”). This ensures that employees are only able to pay for eligible expenses wherever MasterCard® or Visa® is accepted—from Mass Transit agencies to parking garages.

The Benefits of Flex Convenience:

• The debit card drives FICA tax savings for employers by increasing transit account participation and contributions
• On average, employers realize a 60% increase in overall dollars contributed to their transit account plans (new contributions plus the increase in existing contributions)
• Employees use the card just like any other credit card to purchase their Mass Transit Card, Parking Pass or Vanpool Voucher. No more claim forms, the data is captured electronically!
• Eliminates “double out-of-pocket” problem
• Eliminates hassle of filling out claim forms
• Reduces inconvenience of submitting all receipts for incurred expenses
• Employee accounts are updated automatically, with the real-time account balance and transaction history available 24 hours a day at www.TheFlexCard.com or by calling their benefits administrator

For information about the mbi Flex Convenience® card, call P&A Group at 800.688.2611

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