Transit Commuter Reimbursement Account
This account lets you set aside money from your paycheck on a pre-tax basis to pay eligible transportation expenses to and from work on a before-tax basis through a HealthHub account through PayFlex.
You may reimburse yourself with before-tax dollars for your eligible out-of-pocket expenses. By paying for expenses on a before-tax basis, you reduce your income for the purpose of state, federal and Social Security taxes. You can be reimbursed for the cost of vanpooling, trains, ferries and buses to and from work. It excludes parking, gasoline and telecommuting expenses. Call the PayFlex Customer Service number shown on this page for additional information.
How it Works
You estimate how much you expect to spend on transit commuter expenses for the calendar year and have that amount withheld pre-tax from your paychecks throughout the year in equal weekly or monthly amounts. Claims are processed daily. You have until March 31 of the following calendar year to submit claims for expenses incurred. If you re-enroll during the Open Enrollment period, the IRS requires the remaining contributions to stay in the account. They may be used for future transit expenses and will apply to the maximum contribution above. If you do not re-enroll, the IRS requires you to forfeit all amounts that you do not use toward expenses incurred in the calendar year.
How to Enroll
New employees sign up for coverage by completing an enrollment form within 30 days from your first day of employment. All other eligible employees may sign up for coverage during the Open Enrollment period. You may also sign up at any time during the year. If you want to participate in the program each year, you must enroll each year during the Open Enrollment period. Your election will not roll forward from one year to the next.