1. Commuter Benefits Information
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© 2014 ConnectYourCare. All Rights Reserved.

2. What is the Commuter Benefit?
Reduce your commuting expenses
Work-related transit and parking expenses may be deducted from your paycheck on a pre-tax basis. Because you do not pay taxes on these expenses, you can SAVE BIG!
Benefits:
Substantial Tax Advantages
Simple Ordering Process
Multiple Uses
Wallet Wise and Environmentally Friendly
The commuter benefit is a great way to save on expenses you are already paying for by paying for these items pre-tax. Some of the advantages are:
Substantial Tax Advantages. Reduce your taxes by the amount of transit and parking you purchase, subject to IRS limits. By participating in the benefit, you are giving yourself a raise!
Simple Ordering Process. Ordering transit and parking is as easy as 1,2,3. Simply log in to your online account, order your parking or transit passes or vouchers and they will be mailed directly to you, or if you elect, your parking provider will be paid directly. The total amount of your purchase will be deducted from your paycheck.
Multiple Uses. Use for a number of your work-related commuter and parking expenses, including trains, buses, subways, ferries, vanpools, parking, and car service apps such as Lyft and uberPOOL.
Wallet Wise and Environmentally Friendly. Save money on gas while improving air quality and reducing energy consumption, automobile congestion and greenhouse gas emissions.
© 2017 ConnectYourCare, LLC. All Rights Reserved.
© 2014 ConnectYourCare. All Rights Reserved.

3. How it Works
No requirement to enroll during enrollment time – sign up any time of the year
Easy online enrollment process
You decide how much to contribute each month, up to the IRS limit.
$255 a month for parking
$255 a month for transportation expenses
Contributions are tax free and processed through payroll
Deadline to Order
Order cutoff is the 10th of the month prior
Parking Order Options
MasterCard rechargeable debit card
Parking cash reimbursement
Check vouchers for parking
Direct pay to garages
Transit Order Options
Direct fare media (monthly and annual passes)
Check vouchers for transit
Check vouchers for van pools
This benefit is great because it is so flexible. There is no requirement to sign up during enrollment, and you can contribute as much as you want, up to the IRS limits.
Payments come out of your payroll pre-tax, so in addition to saving you money, it is easy to pay.
Be sure to order before the deadline, especially when the offering is new (example, December 10 for a 1/1 implementation date).
© 2017 ConnectYourCare, LLC. All Rights Reserved.
© 2014 ConnectYourCare. All Rights Reserved.

4. Why use the Commuter Benefit? Savings!
You can use pre-tax payroll dollars to pay for your parking and transit expenses, saving you up to $1,836 or more each year (assuming a combined tax rate of 30%).
Example
Monthly Transportation Expenses
(bicycle, bus, train, subway, ferry, or vanpool to work)
$255
Monthly Parking Expenses
(parking for work or for commuting to work)
Total Monthly Expenses
=$510
Combined State, Federal and Social Security Tax Rate (25-33%)
X 0.30
Estimated Monthly Savings
$153
Estimated Yearly Savings
=$1,836
Since you use pre-tax payroll dollars to pay for your parking and transit expenses you would already be spending, you may save up to $1,836 or more each year (assuming a combined tax rate of 30%). Substitute your information to see how much you can save!
Sample tax savings shown; actual savings will vary based on your individual tax situation. Consult a tax professional for more information.
© 2017 ConnectYourCare, LLC. All Rights Reserved.
© 2014 ConnectYourCare. All Rights Reserved.

5. Eligible Expenses Eligible Transit Expenses Eligible Parking Expenses
Buses
Trains & subways
Ferries
uberPOOL, Via and Lyft Line (where available)
Vanpools
Eligible Parking Expenses
Parking at or near your place of employment
Parking at a location from which you commute to work
There are many eligible expenses, but keep in mind that the funds may only be used for commuting to and from work.
© 2017 ConnectYourCare. All Rights Reserved.
© 2014 ConnectYourCare. All Rights Reserved.

6. Bike Subsidy
You can be subsidized $20 a month for riding a bike to work
To qualify, you must ride your bike for a substantial portion of your commute
You CANNOT accept both bike and transit benefits in the same month)
You may use the money for a bicycle, bicycle maintenance, repair or storage
The biking subsidy is a great way to commute to work while being environmentally friendly.
© 2017 ConnectYourCare. All Rights Reserved.
© 2014 ConnectYourCare. All Rights Reserved.