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Why offer commuter benefits
Attract the best people — and keep them
The commute plays a major role in any job decision. And that’s not just true for prospective hires. Your current employees are thinking about it, too: “How much is my commute costing me?” Helping your employees save on their commute will give you an edge on your benefit strategy. And every advantage counts in attracting and keeping talent.
Enjoy a win-win for you and your employees
As an employer, offering commuter benefits means savings on payroll taxes. Your employees save too, by paying for eligible work-related commuting costs with pretax dollars. This lowers their federal taxable income and increases their take-home pay.
Stay in compliance with transit ordinances
Transit ordinances are laws designed to reduce traffic congestion and protect the environment. In some cases, they require employers to offer commuter benefits to their employees. These laws are currently in effect in New York City, Washington D.C., Seattle and parts of California. Other cities will follow. We can help you stay up to date and in compliance with these ordinances.
TRANSPORTATION
Employee savings on transportation to and from work
Employees can use pretax dollars to pay for eligible commuter expenses. Some common expenses may include metro and transit passes, token fare cards, vouchers or similar items for:
- Buses
- Subways
- Streetcars
- Trains
- Ferries
- Vanpools/car sharing
PARKING
Employee savings on parking expenses
Employees can use pretax dollars to pay for eligible parking costs at or near:
- Their place of work (vendor parking, including lots and garages)
- The location where they commute to work, either by mass transit, qualifying commercial or noncommercial highway vehicle, or carpool
EASY ONLINE SOLUTION
Commuter Benefits are easy to manage online
Employees have all they need to manage commuter benefits on the PayFlex member website. After enrolling in the online commuter benefits program, they can:
- Order transit and parking passes, vouchers and a Commuter Check® card
- Add funds to a fare card
- Set up monthly direct pay for their parking provider
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Are commuter cost a drain on your wallet?
Well, we have a solution.
Now you can use pretax dollars to pay for eligible transportation and parking expenses when you commute to and from work.
Here's how.
If your employer offers a transportation benefit, you can use pretax dollars to pay for eligible expenses.
This includes bus fares, train tickets and subway expenses.
Ferries and even carpools may be eligible, too.
If your employer offers a parking benefit, you can use pretax dollars to pay for parking costs at or near
your place of work.
This is a great option if you drive to a train, bus or other mass transit system.
And if you're always on the go, accessing your commuter benefits online has never been easier.
Just log in to the PayFlex member website.
From there, you can order transit passes and vouchers, load money on a fare card or even set up monthly direct pay with your parking provider.
You can also pay yourself back for out-of-pocket eligible commuter expenses.
At PayFlex, we know every little bit can help.
With PayFlex commuter benefits, you can feel better about your commute and save a little extra for whatever you need.