Business Details
22 Years
experience
Your Trusted Benefits Administration Partner in Branford, CT
Pbscard has been a leader in benefits administration since 2004, specializing in innovative technology-driven solutions for employers, brokers, and employees. Our expertise lies in managing pre-tax benefit plans, private healthcare exchanges, and consumer-directed health plans, including Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Health Reimbursement Arrangements (HRA). We partner with industry leaders like Evolution1 to deliver the Benny Card, a prepaid benefits solution that streamlines access to pre-tax dollars for healthcare and transit expenses.Our customizable platform supports businesses of all sizes, combining proven technology with personalized service to simplify complex regulatory environments. With decades of combined experience, our team prioritizes transparency, compliance, and client satisfaction, ensuring seamless HR and benefits administration. We are committed to empowering employers and employees through cost-effective, user-friendly tools that enhance financial wellness and operational efficiency.
Services
Flexible Spending Account (FSA)
Health Savings Account (HSA)
Dependent Care Account (DCA)
Qualified Transit Account (QTA)
Health Reimbursement Arrangement (HRA)
COBRA Administration
Private Exchange Solutions
Form 5500 Services
Retail Brokerage Services
RethinkCare
Details
- Year established: 2004
Highlights and features
- We offer over 20 years of experience in benefits administration.
- Our platform integrates with Evolution1 for seamless transactions.
- We provide 24/7 personalized customer support.
- Our team deeply understands the local market needs in Branford, CT.
- We operate with full transparency and no hidden fees.
Services
Flexible Spending Account (FSA)
Flexible Spending Accounts allow employees to set aside pre-tax dollars for qualified medical expenses. Our FSA administration simplifies compliance, reduces taxable income, and provides access via the PBS Prepaid Benefits Card. Employers benefit from streamlined HR integration and year-end reporting, while employees enjoy immediate access to funds for copayments, prescriptions, and eligible over-the-counter products.
Health Savings Account (HSA)
HSAs combine pre-tax contributions with investment growth for future healthcare costs. We offer HSA administration with debit card access, compliance monitoring, and educational resources. Employers gain scalable solutions for high-deductible health plans, while employees manage expenses like prescriptions, dental care, and telehealth services with tax advantages.
Dependent Care Account (DCA)
Dependent Care Accounts reduce taxable income for eligible childcare or eldercare expenses. Our DCA solutions support working families with pre-tax payroll deductions, up to IRS limits. Employers receive simplified enrollment and reporting, while employees cover licensed daycare, summer camps, and in-home care providers efficiently.
Qualified Transit Account (QTA)
QTAs let employees use pre-tax dollars for mass transit and parking costs. We administer QTA programs with debit card access for subways, buses, and parking garages. Employers benefit from compliance with IRS regulations, while employees save on commuting expenses like monthly passes and ride-sharing services in approved cities.
Private Healthcare Exchange
Our private exchange platform offers employers customizable health plan options from multiple carriers. We integrate FSA, HRA, and HSA accounts for a unified benefits experience. Employers reduce administrative burdens through EDI connectivity, while employees access personalized plan comparisons, wellness programs, and 24/7 support.
People
Bud Torello
Founder and CEO
Bud Torello founded Pbscard in 2004, leveraging decades of industry experience to deliver innovative benefits administration solutions. He champions reliable performance, client-centric technology, and compliance expertise to simplify complex healthcare regulations.
Questions
How does the PBS Prepaid Benefits Card work for healthcare expenses?
The PBS Prepaid Benefits Card deducts eligible healthcare costs directly from your FSA, HSA, or HRA account. Use it at pharmacies, doctors' offices, or IIAS-certified retailers for automatic reimbursement of qualified expenses.
What services do you offer for employers?
We provide FSA, HSA, HRA administration, private healthcare exchanges, COBRA services, and Form 5500 preparation. Our solutions streamline HR compliance, reduce employer costs, and enhance employee benefits flexibility.
Can I use my QTA for ride-sharing services like Lyft?
Yes, QTA funds cover Lyft Line rides in Miami, Boston, New York, and Seattle. Add your PBS Prepaid Benefits Card to the Lyft app to pay for eligible commuter trips with pre-tax dollars.
How do I enroll in an FSA or HSA?
Enroll during your employer's open enrollment period by completing a PBS election form. Contributions are deducted pre-tax from your paycheck, and funds become available immediately for FSA or incrementally for HSA.
What happens to unused FSA funds at year-end?
Unused FSA funds may be forfeited unless your employer offers a grace period or rollover. Check your plan details for specific rules about submitting claims or carrying over balances.
Reviews (1)
Sarah Davis
Jun 09, 2019
Report
I used their Dependent Care Plan and was extremely inconvenienced when they closed my account without notice, no call... no text... no personal email... which leaves a hard working single mom scrambling to pull through just before the holidays. Very unhappy. Definitely do not recommend if you are looking for a customer focused business.
