What are Commuter Benefits?

With Commuter Benefits you can make tax-free payroll deductions to cover mass transit and parking expenses (up to the IRS limits).

 

What are the Commuter Benefits account types?

 

Mass Transit - A Mass Transit account enables you to set aside funds on a pre-tax basis to pay for eligible workplace mass transit expenses such as the price of tickets, vouchers, and passes to ride a subway, train, or city bus, or the costs of transportation in a commuter highway vehicle (e.g., vanpool), if such transportation is for purposes of travel between a residence and place of employment.

 

Parking - A Parking account enables you to set aside funds on a tax-free basis to pay for eligible workspace parking expenses, parking costs at or near your primary work site as well as parking costs at the place to access transportation to work, such as a train station or vanpool stop. Parking on or near property used for residential purposes does not qualify.
 

 

 

Video

Commuter Benefits with HSA Bank

Commuting shouldn’t pinch your wallet. Reduce your travel and parking expenses by enrolling in commuter benefits through HSA Bank.