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Commuter Benefits

This benefit allows employees to put money aside pre-tax to help reduce the cost of commuting to work while also reducing the FICA obligations of the employer. Flex Facts provides a stored value debit card that employees can use at the point of service to pay for their eligible mass transit and parking expenses.

There are two types of accounts available under the commuter benefits.

  • Mass Transit: Employees can put aside up to $255 per month to pay for their mass transit expenses between; their home or a place where they park in order to take a form of mass transit to work and there place of employment. Eligible expenses include the train, bus, ferry or other form of transportation provided by any person in the business of transporting persons for compensation or hire as long as such transportation is provided in a vehicle with a seating capacity of at least six adults, excluding the driver.

  • Parking: Employees can put aside up to $255 per month to pay for parking at or near their place of employment or a place where they park to take mass transit, car pool or van pool to their place of employment.

Employees Receive;

  • Web access to transit and parking account transaction history, contributions, claims and payments
  • Single debit card to be used at the point of service for transit, parking, FSA and HRA.
  • Fast and accurate daily claims reimbursements
  • Real-time access to account information via either phone or the Internet
  • Convenient enrollment process

Employers Receive:

  • HRA, FSA, Transit and Parking accounts processed on a single debit card platform with per participant pricing regardless of the number of accounts.
  • Tax savings associated with participant contributions - specifically the elimination of the employer portion of the payroll tax covering contributions on pre-tax earnings designated for reimbursement accounts.
  • Benefits administration designed to assist you with compliance with Section 132(f) of the Internal Revenue Code
  • A dedicated account executive
  • Web access to service and support
  • Secure access to plan participant information
  • Management reports
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