Friday, April 28, 2017
Service Innovation
Benny Pre-Paid Cards
BeneSys has partnered with Evolution Benefits to offer participating funds a convenient way to access their Medical Reimbursement Account (MRA) money.

Benny Prepaid Cards are loaded with the members’ available MRA balance (less any amounts already spent) and are updated regularly. The Card is used, instead of cash, to pay for qualified health care expenses. So, no more claims forms! Use the Card to pay for items such as:

  • Covered prescription co-pays 
  • Health plan coinsurance
  • Health plan deductibles 
  • Doctor and emergency room co-pays
  • Lasik surgery and eyeglasses
  • Orthodontics
  • Out-of-pocket dentist fees 
Members’ simply swipe their Benny Prepaid Benefits Card each time a qualified health care expense is incurred at locations that accept MasterCard and the amount of the purchase will be deducted from the member’s MRA automatically. Members can also fill in their Card number on bills received from providers to pay the amount owed. It’s that easy!  
Contact BeneSys for more information to see if your Fund may be able to use the Benny Card to provide easy access to MRA balances.

Operations Excellence
BeneSys SSAE 16 Type II Audit

BeneSys has recently been audited by an organization evaluating its processes, procedures, systems and staff behavior for compliance with a series of control standards referred to as SSAE 16 (Statement on Standards for Attestation Engagements 16). These standards are generated by a third party organization, The Auditing Standards Board. They are deemed the ‘best practices’ for any service-oriented company’s internal controls of processes, operations and systems.

The control standards cover physical and virtual security, auditing and transparency controls in systems, processes and well as overall controls within and for the above domains, among other things.

Additionally the audit process not only documents an organization's controls, but also renders judgments on the effectiveness of such controls in an organization.

For BeneSys the review meant that over a multiple-week period staff, processes, procedures and systems were interviewed, analyzed, observed and questioned. After reviewing the data and information the auditors informed BeneSys that it has passed the Type II audit, with no severe deficiencies.

A Type II audit is more significant than a Type I audit, the difference being the Type II audit renders judgment on the above noted controls over a period of time, not just a point in time.

BeneSys is proud to receive this third party recognition of its dedication to best practices based operations on behalf of its clients and their members.

Copyright 2017 by BeneSys, Inc.