Payment accounts for all types of commuting expenses
Offering pre-tax commuter benefits helps your employees save money on their commute expenses and meets local or state commuter benefit requirements. Choose the service model that best fits the needs of your employees.
- Order model: You provide a list of eligible products and services to your employees. They'll place an order the month before they need them.
- Monthly contribution model: Employees make monthly contributions via payroll deduction that they use to purchase transportation services, up to the account balance.
Create a holistic employee financial wellness strategy
Eligibility for a variety of commuting expenses
Support employees in all types of commuting patterns:
- Buses, trains, subways, ferries and vanpools
- Parking at workplace or an alternative location
Employees can pay for commuting costs with a reloadable prepaid debit card, transit passes, vouchers or smart cards. Parking cash reimbursement is also available for eligible expenses.
Commuter benefits payment card
Employees can use a reloadable prepaid debit card for eligible transit and parking expenses at a wide variety of participating terminals. The card supports contactless payments with digital wallet integration for fast, secure transactions.
End-to-end administration support
We take care of all administrative tasks for you, including:
- Streamlined implementation
- Technology for administration with analytics
- Customer support
- Payroll deduction files and order funding reports
Key benefits
Increase employee satisfaction and retention with comprehensive commuter benefits.
Maximized pre-tax savings
Employees can use pre-tax dollars on eligible transportation and parking costs, reducing taxable income and boosting their take-home pay.
Flexible funding models
Choose between Order Model or Monthly Contribution Model to fit workforce needs.
Compliance support
Easily align with local and state commuter benefit mandates.
Enhanced employee satisfaction and retention
Offer meaningful financial support for everyday commuting costs.
Simplified management tools
Leverage a unified client portal with customized reporting and a dedicated support team.
Easily access our employer portals
Empower your team with 24/7 real-time access to Commuter Benefits activity with our client portal.
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Complementary solutions
Solution suite
Health Savings Accounts for Employers
Give your employees the tools to take control of their care and save their valuable time with an Optum Financial Health Savings Account (HSA).
Solution suite
Flexible Spending Accounts for Employers
Help your employees budget and save for qualified expenses during the benefit plan year through pre-tax contributions to FSAs.
Solution suite
Health Reimbursement Arrangements for Employers
Use an HRA to help offset employees’ healthcare costs while providing tax savings to the organization.
Health savings accounts (HSAs) are individual accounts held at Optum Bank® , Member FDIC, unless otherwise indicated, and administered by Optum Financial, Inc. or ConnectYourCare, LLC, an IRSDesignated Non-Bank Custodian of HSAs, a subsidiary of Optum Financial, Inc. Neither Optum Financial, Inc. nor ConnectYourCare, LLC is a bank or an FDIC insured institution. HSAs are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State and/or local taxes may still apply. Fees may reduce earnings on account. Refer to your HSA account agreement for details.
Flexible spending accounts (FSAs), dependent care assistance programs (DCAPs), health reimbursement arrangements (HRAs), Commuter and Parking Benefits, Tuition Assistance Plans, Adoption Assistance Plans, Surrogacy Assistance Plans, Wellness Benefits, and Lifestyle Accounts (collectively, “EmployerSponsored Plans”) are administered on behalf of your plan sponsor by Optum Financial, Inc. or ConnectYourCare, LLC and are subject to eligibility and restrictions. Employer-Sponsored Plans are not individually owned and amounts available under the Employer-Sponsored Plan are not FDIC insured.
This communication is not intended as legal or tax advice. Consult a legal or tax professional for advice on eligibility, tax treatment, and restrictions. Please contact your plan administrator with questions about enrollment or plan restrictions.