Commuter Participant's FAQ
- How do commuter benefits save me money?
- What are the different types of commuting expenses covered?
- What are the current monthly tax-free allowable limits?
- What’s not covered?
- How do I get my commuter benefits?
- How do I use my commuter benefits?
- Can I redeem my commuter benefits for cash?
- What if I don’t use all my allocated commuter benefit funds?
- Sounds like a pain. How complicated is it, really?
Commuter Benefits versus FSA
Commuter Benefits |
Flexible Spending Account (FSA) |
Sign up anytime you want! |
Can only sign up once a year. If you miss the deadline, you miss out. |
Funds can be carried over month to month into the next calendar year. No limits |
Can only rollover a maximum of $500 at the end of the year. |
Annual limits are $260 monthly or $3,120 yearly for transit and $260 or $3,120 for parking. Combined transit and parking limits are $520 monthly or $6,240 yearly. Know what you use month to month. |
$2650 annual limit. Difficult to gauge how much you’ve spent throughout the year. |
No receipts or documentation required*. You don’t have to keep track of your voucher/card usage. |
You have to keep all your receipts and documentation. |