Have transit or parking expenses related to your work commute? You can set aside pre-tax dollars in a commuter benefits account, administered by HSA Bank, to use toward those expenses.
Commuter Account
Commuter Account
What You Need to Know
Who’s Eligible
All regular full-time and part-time employees are eligible. You can enroll on your hire date or anytime after.
What You Can Use Your Funds For
When you enroll, you’ll receive an HSA Bank Visa debit card to pay for eligible parking and transit expenses. If you’re also enrolled in an HSA or FSA, the Visa debit card you receive is the same one that you’ll use for your commuter benefit transactions.
How Much You Can Contribute
You can contribute pre-tax dollars from your paycheck, up to IRS limits:
- Transit: $325 per month
- Parking: $325 per month
Funds can’t be refunded or transferred between transit and parking accounts.
Note: If you’re paid weekly, the maximum number of deductions per month is 4. If you’re paid biweekly, the maximum number of deductions per month is 2. (In months with an additional pay cycle, deductions aren’t taken on the 5th weekly or 3rd biweekly pay cycle).
What Happens to Unused Funds
Any unused funds carry over from month to month and can be used for future eligible commuter expenses, as long as you:
- Remain an active employee
- Have an active Empyrean election for commuter benefits (If you didn’t elect during Open Enrollment, you can use the “Enroll/Change parking or transit contribution” life event on Empyrean to elect a $0 contribution, which will allow you to access those rollover funds.)
- Have an active HSA Bank account
How to Enroll
You can enroll or make changes to your contributions at any time during the year. To register, visit enrollmyrhbenefits.com.
Then, you can view your current account balance, update your profile, review account activity and manage your expenses on myaccounts.hsabank.com. If you’re currently enrolled, your benefit election will roll over from year to year — no need to reenroll.
Here’s a Quick Look at the Numbers
Meet Joe
Start Date
Jan. 15, 2024
Age
35 years old
Annual Salary
$80,000
Joe typically spends $250–$300 each month commuting to work.
$280
The combined federal and Social Security taxes on this cost are close to
30%.
29.65%
By contributing pre-tax money to the commuter account, Joe saves over $80 each month.
$83
Joe’s annual savings!
= $9961
Frequently Asked
Questions
If your employment ends or if you terminate the plan as part of a qualified life event change, your commuter benefits coverage ends on the termination date and your debit card is deactivated.
You have 90 days from the termination date to submit claims for parking expenses incurred no more than 180 days from the date of service. Claims won’t be approved for services incurred after your termination date and claims can't be older than 180 days. You forfeit any funds remaining after all qualified claims have been paid. Transit expenses aren’t eligible for reimbursement, as you must use your debit card at the point of sale for tickets, passes and rides.