Discovery benefits commuter benefits

Parking Save money when you pay for parking at or near your regular place of employment. Those who use park and ride facilities are also able to take advantage of this plan. If you’re thinking about enrolling in one of these benefits or planning to continue your existing healthcare coverage through COBRA, we have all the information you need to make the best financial decisions for you and your family. In addition to the stress factor , one recent study found that people who drive to work have higher body mass indexes and weigh more than people who don’t.

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Steer clear if you can! From guides and explainer videos that simplify our products to infographics and savings calculators that take the guesswork out of plan elections , we’ve got resources for everyone. I have been involved in many employee benefit plan implementations over the years. How are commuter benefits accounts funded? Discovery Benefits handles our account well and is able to handle our complexities and nuances with great care.

How does Wageworks card work? Your employees can use pre-tax dollars on expenses for commuting to and from work, saving up to in the process. A commuter plan allows you to set aside pre-tax dollars for qualified transit and vanpooling.

Commuter costs can pile up, especially in major cities.

The algorithm is subject to change in future. Watch our video to learn more. My company uses discovery benefits for our Flex Spending. Only work-related transportation expenses are eligible. And we definitely couldn’t accomplish a mission.

To use commuter benefits to pay for Lyft or Uber rides, you have to select the apps’ carpooling options — either Lyft’s shared rides or uberPOOL. Carpool vehicles seat six or more passengers, whether you’re using Lyft or Uber. The benefit allows employees to set aside tax-free money to pay for their commuting expenses, and can be used for mass transit, rideshares and qualified paid parking. Employers get in on the savings too. A scam and will steal your money.

Not good looks like they have an excuse. Negligence and irresponsibility. Stole my money after terminated employment. Adventure in recovering my money.

Pay for eligible commuting costs through automatic, pre-tax payroll deductions. Check out our calculator to see how much you could save. Our ultimate goal is to serve as an extension of your human resources team so you can spend more time focusing on other areas of your role.

What can I use transit benefits on?

How can I access my commuter (transit or parking) funds? What is the maximum amount I can have deducted pre-tax to put toward mass transit and parking? Can I carryover my commuter (transit and parking) funds on a month to month. Your password has been reset successfully.

The company provides administration of health savings accounts, flexible benefits , COBRA, commuter. Transit and vanpooling benefits let you pay for transportation to and from work with tax-free money. Examples of eligible transportation for transit benefits include train, bus, subway and ferry. Many states also exclude these. It’s a great way to put extra money in your pocket each month and make your commute more convenient and affordable.

By offering a commuter benefit to your employees, your company can save on payroll taxes each year.