PARTNER | HEALTHEQUITY/WAGEWORKS
COMMUTER BENEFITS
With the Commuter Benefits Program administered by HealthEquity, through Wageworks, paying for your commuting expenses can be more cost-effective and convenient than ever before.
COMMUTER BENEFIT OVERVIEW
Commuter Transit and Parking Accounts are pre-tax benefits that can save you up to a third of what you pay for public transit and parking.
- $325 – IRS limit for transit expenses
- Commuter Transit includes train, subway, bus and ferry
- $325 – IRS limit for parking expenses
RESOURCE LIBRARY
ACCESSING COMMUTER BENEFITS - HOW TO ENROLL
Visit www.wageworks.com/mycommute or call (866) 735-8195 Monday through Friday (8 a.m. to 8 p.m. ET). Here’s instructions on how to register:
- From the home page, click on the “Register” link and select “Employee Registration.”
- When asked for your ID Code in the self-identification process, enter the last four digits of your Social Security number.
- Select “CA Times” as your employer.
- Once you’ve completed your WageWorks profile, follow these steps to complete your enrollment:
- From the Dashboard page, click on “Enroll in Commuter.”
- Follow the step-by-step process to place your order.
- An order confirmation email will be sent after your order is placed.
As a reminder, all orders must be placed by the 10th of the month for the following month (Example: July 10 for an August order). No exceptions.
COMMUTER BENEFIT - HOW IT WORKS
With the Commuter Benefits Program administered by HealthEquity paying for your commuting expenses can be more cost-effective and convenient than ever before.
- Decide how much to contribute – estimate how much you’ll need and elect how much to contribute.
- Funds are taken from your 1st paycheck of the month, before taxes.
- Start saving up to hundreds of dollars in one year. Savings result from lower overall taxes.
- Pause, change, or cancel anytime.
- Commuter benefits funds do not expire unless you leave the company. These funds will continue to rollover month to month, year to year, as long as you’re still at the same company. However, when you leave the company, any unused funds in your account will be forfeited.
COMMUTER TRANSIT ACCOUNT
Commuter Transit Account is a pre-tax benefit that can save you up to a third of what you pay for public transit – that includes train, subway, bus, ferry and eligible vanpool. You will receive a savings on your transit expenses up to the IRS limits of $325 per month. Employees are eligible to receive a subsidy of their monthly maximum contribution up to $70. Subsidy is only available to employees who commute to work by public transit. By submitting your commuter election/enrollment, you agree to receive a deduction out of your check for any elected benefit over $70.
Example: If you elect benefit $100/month to commute to work by public transit, company picks up $70 and you would receive a deduction out of your check in an amount of $30. If you elect benefit $50/month, there would be no deduction out of your check as the company covers the cost for up to $70/month.
Public Transit Options:
- Have monthly transit passes or tickets mailed to your home.
- Load funds onto your smart card.
COMMUTER PARKING ACCOUNT
Commuter Parking Account is a pre-tax benefit that can save you up to a third of what you pay for parking as part of your daily commute. You will receive a savings on your transit expenses up to the IRS limits of $325 per month.
Parking Options:
- Send payments directly to your parking provider.
- Get reimbursed for eligible commuting expenses you pay out of pocket.
Commuter benefits funds do not expire unless you leave the company. These funds will continue to rollover month to month, year to year, as long as you’re still at the same company.