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Transit & Parking

Articles

Transportation Plans Overview
At the beginning of each plan year, employees make their “benefit elections” stating whether they will participate in the account and how much pre-tax salary they agree to contribute. Benefit elections may be changed based on your plan d...
Transportation Election Changes
Unlike Health and Dependent Care FSA elections, employees may change their Transit and Parking elections on a monthly basis. Generally, election changes should be effective the month following notification of the change. Updating Transit/Parkin...
Transporation Claims
Transit IRS guidelines require that all Transit claims be processed via the Benny debit card. Manual claims for reimbursement are generally not allowed. Parking Parking claims may be submitted via the employee's online account or by co...
Post-Tax Transportation
Transit and Parking costs can be expensive and some employee’s may have expenses that exceed the IRS monthly limit for pre-tax deductions. Given that Transit claims must be processed using the Benny card, some employee's may find themselve...