Introduction Transportation Services [insert audience name] [insert date]

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Presentation transcript:

Introduction Transportation Services [insert audience name] [insert date]

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. Instructions to Presenter  Customize the first slide to your audience  Delete the Bicycle Account slide if the employer does not offer it

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. What are Transportation Services? A tax-free way to… …plan, save and pay some of your commuting expenses

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. $5,520 4

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. 5 Lower Taxable IncomePre-Tax Funds Every $1 set aside for commuting expenses Save 38¢ Pre-tax dollars for transit and parking

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. 6 Pre-tax dollars for transit and parking $230/Month Transit Total 2011 Limit $460/ month $230/Month Parking 2011 Limits:

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. Use it or lose it? YOU keep more of YOUR money. 7

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. Example 1: Parking 8 What could Jim use the money for? Lunches, gas, baseball tickets… Calculations based on 2012 FICA rate of 7.65% rate is 5.65% Jim is a fictional character used to illustrate this OptumHealth Financial Services SM program.

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. Example 2: Transit 9 What could Michelle use the money for? Coffee, books, shoes… Calculations based on 2012 FICA rate of 7.65% rate is 5.65%. Michelle is a fictional character used to illustrate this OptumHealth Financial Services SM program.

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. Example 3: Parking + Transit 10 What could Lourdes use the money for? Groceries, car maintenance, a vacation… Calculations based on 2012 FICA rate of 7.65% rate is 5.65%. Lourdes is a fictional character used to illustrate this OptumHealth Financial Services SM program.

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. Many eligible commuting options  Mass transit: bus, rail, ferry, subway  Other eligible options, such as vanpools  Parking while you are at work 11 Mileage, tolls, fuel, taxi fares carpooling and business travel are not eligible. Spouse and dependent commuting expenses are not eligible.

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. Bicycle Account  Up to $20/month in vouchers  Parking and storage fees  Equipment, supplies and repairs  Accumulate vouchers to buy a new bike  Cannot use during same month as transit or parking benefit 12

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. Easy to choose, easy to use Begin using at any time Adjust your election at any time You decide how much to contribute 13

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. Determining your contribution 14 Look at your expenses Adjust estimates if your commute varies. Change monthly election if needed

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth. Contribution Examples Parking: $20 x 6 days = $120 Bus: $4 x 15 days = $60 Driving for Flexibility Parking: $20 x 4 days = $80 Bus: $4 x 11 days = $44 Going on Vacation 15

Confidential property of OptumHealth. Do not distribute or reproduce without express permission from OptumHealth This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment, and restrictions. Federal and state laws and regulations are subject to change. © 2011 OptumHealth Financial Services