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Commuter Account Presenter Name Date.

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Presentation on theme: "Commuter Account Presenter Name Date."— Presentation transcript:

1 Commuter Account Presenter Name Date

2 What are Commuter Benefits?
Pre-tax benefit account used to pay for: Public transit as part of your daily commute to work Qualified parking as part of your daily commute to work A great way to: Put extra money in your pocket each month Make your commute more convenient [Employer Name] sponsors this program, brought to you by take care by WageWorks, to help you save on your commute-related expenses using pre-tax dollars. If you take public transportation to work, pay to park your car, or park and ride, you can save big money on taxes by paying for your eligible commuting expenses through the program. Plus you can enjoy the convenience of having your transit pass delivered to your home, and set up automatic, direct monthly payments to your parking provider. All it takes is one quick online transaction. You can sign up anytime!

3 Going Your Way Save while you ride or park
Bus, light rail, regional rail, streetcar, trolley, subway, or ferry Vanpool Parking at or near work Parking at or near public transportation No matter how you get to work—if it costs money, the Commuter Benefits Program can probably help you save. You can use the program to pay for any type of public transportation, with more than 250,000 transit agencies nationwide. Plus you can use it to pay for your commute-related parking, either at or near work, or at the transit stop or station where you park and ride. However, some expenses are not eligible. These include costs that aren’t related to your commute to work, expenses for other family members, tolls, mileage, taxis, and limousines.

4 Why You Need It Save an average of up to 30% on public transit and parking as part of your daily commute to work Easy to use—download a free mobile app and manage your account with your mobile device No waiting—sign up any time to start saving—and no “use it or lose it” as long as you’re enrolled

5 How It Works Determine how much to contribute
Estimate how much you’ll need Elect how much to contribute Funds are taken from your paycheck before taxes Start saving up to hundreds of dollars in one year Savings result from lower overall taxes Pause, change, or cancel anytime take care by WageWorks Commuter is easy to use. Simply decide how much to contribute up to the allowed monthly limit. Funds are withdrawn from your paycheck for deposit to your account before taxes are deducted. Pause or cancel contributions to your account at any time. There’s no “use it or lose it” as long as you’re enrolled in the program.

6 How You Use It Use your take care® Flex Benefits Card to pay instantly for vouchers and passes Works like a debit card, just swipe and go Funds loaded directly from your elections No PIN required This program features on-the-spot access to your account with the take care Flex Benefits Card.

7 How You Manage It Use take care® MyFlexsmMobile app
File a claim and get reimbursed quickly* View transactions and benefit account balances using a single login Snap a photo of receipts and submit them for payment* *Parking related expenses only.

8 How Much You Can Contribute
Maximum contributions $130/month max. for transit and vanpool $255/month max. for parking IRS sets the contributions guidelines Limits may change during the year If you commute to work, then a commuter account is the best way to help you save money when you pay for these important expenses.

9 All Aboard, Anytime Ongoing enrollment Sign up whenever you choose
Make changes or cancel anytime Enrollment is easy. Unlike many pre-tax programs, there’s no open enrollment period. So you can sign up anytime—like right now!

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