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Flexible Spending Accounts (FSA)
TRANSPORTATION SPENDING ACCOUNT (TSA)
PayFlex offers a
Commuter Reimbursement Program
which gets you to work while saving you
money. With this program, you pay for your commuting costs with pre-tax dollars up to the
monthly IRS limit of $255 per month. This means you don’t pay federal income or Medicare
taxes on this money, lowering your taxable income.
Which expenses are eligible?
Expenses are limited to eligible commuter parking and mass transit expenses you incur.
Expenses for your spouse or dependents are not reimbursable under this program.
What are examples of eligible expenses?
Examples of eligible expenses include a paid parking facility at or near your workplace, commuter
trains, buses and vanpooling. The eligible amounts are limited to actual out of pocket expenses
up to the government-imposed limits.
How do I get started?
Notify the Employee Benefits division that you want to enroll. You will then be able to go to
www.payflex.com and register your account. From your account, you can order transit and
parking passes, vouchers, commuter checks and more! Both electronic and paper delivery
options are available. Other benefits of setting up an online account include:
Pay Your Parking Provider Online
: Through your online account, you can schedule your
parking payment to occur automatically each month.
Schedule Your Purchase to Occur Automatically
: You can have your monthly pass(es)
automatically purchased without having to go online each month.
TIPS FOR YOUR COMMUTER BENEFITS FSA:
You may elect, modify or cancel your enrollment in this account throughout the year (see
below). Unlike the other FSAs offered, this account is more flexible.
Make sure to order your passes prior to the cutoff date (the 5th of the previous month). You
can also cancel a pass before the cutoff date.
You may buy more than the IRS pre-tax limit. Any excess costs will be charged to you on an
after-tax basis.
Keep your passes in a safe place. If you lose your pass you cannot obtain a refund.
PayFlex will replace up to one non-delivered pass per plan year. You must complete the
Transit Non-Delivered Pass form found on
www.payflex.comprior to the monthly deadline.