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FLEXIBLE SPENDING ACCOUNT

FLEXIBLE SPENDING ACCOUNT

WEX (Health & Dependent Care) & WageWorks (Parking & Transit)

How it Works

The money you set aside is never counted as income.  That means it is not subject to Federal Income Tax, Social Security, Medicare, and in most cases, state and local taxes.  This lowers your taxable income and increases your spendable income.  Depending on your tax situation, you could save 20-40% on expenses you would be paying anyway.

Health & Dependent Flexible Spending Account through WEX

You will receive a Healthcare Card

  • Use tax-free income to pay for your family’s predictable out-of-pocket medical expenses or dependent day care expenses

Transactions can only occur for the following:

  • Health FSA: Qualified medical services as defined by the IRS in section 213 (d)
  • Dependent Day Care: Qualified expenses include services that enable you (and your spouse if married) to be gainfully employed

IRS Contribution limits are

  • Health: $3,300 annually
  • Dependent Care: $5,000 annually
  • If you do not use your full elected amount by the end of the year, you will forfeit those funds (use it or lose it)

Administrator and Contact Information:

LOOKING FOR MORE?

Visit www.wexinc.com for more information! 

Transit & Parking Benefit through WageWorks

Ordering Through WageWorks

  • Using Commuter Benefits Program is easy, quick and hassle-free
  • Works month to month with no annual election require – you can sign up, make changes, or cancel at any time
  • Log into www.wageworks.com and select your Commuter program

Your Transit Options – If you ride public transportation to work, there are several convenient options for you to receive your passes, tickets, smart cards, or other fare media

  • When you order your monthly passes or tickets you can enjoy the convenience of automatic home delivery every month
  • If you order a Smart Card, WageWorks will reload your account in the amount of your order before the start of each commute month

Your Parking Options – If you park near where you work, or near where you board public transit you take to work, you have several ways to pay for your parking

  • Pay My Parking – WageWorks will pay your parking provider on your behalf in time for the start of each order month (works well if you pay for a monthly parking space or permit)
  • Pay Me Back – If you don’t pay on a monthly basis, select this option. Park, pay, and then use Pay Me Back to get reimbursed

Changing Your Commuter Benefits Order

  • Built for maximum flexibility and convenience
  • You can change or suspend your order anytime your commuter needs change
  • To make a change, you can either visit the website and make your updates there or you can make the changes over the phone

Monthly limits for use are:

  • Transit: $300 per month, regardless of your balance
  • Parking: $300 per month, regardless of your balance

Eligible expenses include:

  • Bus, light rail, regional rail, streetcar, trolley, subway, or ferry
  • Van-pool
  • Parking at or near work
  • Parking at or near public transportation for your commute

Administrator and Contact Information: