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WageWorks Commuter is a pre-tax benefit account used to pay for public transitincluding train, subway, bus, ferry, and eligible vanpooland qualified parking as part of your daily commute to work. Save big bucks on your way to work! Use a variety of convenient payment methods associated with your account.
Can I use FSA to pay for parking?
Key Takeaway. A qualified parking and/or transit flexible spending account (FSA) allows employees to pay for eligible parking/public transit expenses with pre-tax dollars.
What are the commuter benefits for WageWorks?
What are Commuter Benefits? WageWorks enables you to pay public transportation, vanpool or parking expenses with pre-tax money. You can use the funds to have prepaid transit passes delivered to your home, or use a WageWorks Commuter Card at most commuting-related point of purchase locations.
What happens to unused WageWorks money?
Any unused pre-tax funds will be forfeited to your employer, and any post-tax funds will be refunded to you at the end of the ninety (90)-day period.
What does WageWorks cover?
Eligible expenses include health plan co-payments, dental work and orthodontia, eyeglasses and contact lenses, and prescriptions. This type of FSA is offered by most employers. It covers medical, dental, vision, and pharmacy expenses. If you have a Standard FSA, you are ineligible for contributing to an HSA.
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Due to the impact of COVID-19 in the US, Uber and Lyft have removed the UberPool and Lyft Line options from their apps. As a result, the WageWorks Commuter Card can no longer be used for Uber and Lyft.
Can I use commuter benefits to pay for tolls?
Can I use my commuter account for commuting expenses like tolls and gas? No. Benefits may not be used for tolls, gas, mileage or other personal commuting expenses.
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Keep original receipt with a copy of this completed form. Do not file a claim for any pass purchased through WageWorks or for parking paid using Pay My Parking.
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