How does WageWorks commuter work?
With a WageWorks Commuter Account, you can use tax-free funds to pay for public transportation such as train, subway, bus, ferry, trolley, or vanpool and parking you use as your daily commute to work. Funds are moved to your account before taxes are deducted, which reduces your overall tax burden.
Can I withdraw money from my WageWorks commuter card?
How do I use the card? Your card can be used for debit or credit transactions to make qualified transit or parking purchases. Purchases can be made where Visa® is accepted by selecting “Credit or Debit” at the time of purchase. Your card cannot be used for cash advances or to make cash withdrawals.
What can WageWorks commuter card be used for?
The WageWorks Commuter Card can be used to buy virtually every type of public transit pass, including bus, light rail, regional rail, streetcar, vanpool, trolley, subway, and ferry. The WageWorks Commuter card can also be used to pay for a wide variety of parking options in more than 3,000 locations.
Are transit benefits use it or lose it?
The pre-tax transit or vanpool benefit is not a "use it or lose it" benefit. It is intended to be deducted and used each month. However, since employers capture the payroll deductions upfront, the employee uses the deductions on a rolling basis.
How do I spend money on my commuter card?
How do I use my WageWorks Commuter Card? You use your WageWorks Commuter Card just like you use a debit card—just swipe and go. Use it at transit agency ticket vending machines, ticket windows, and transit agency ordering websites.
How does WageWorks pay back?
If you've already paid for an eligible expense out of your own pocket, you can arrange to pay yourself back from your WageWorks account in two ways: Have a check mailed to you; or. Have your reimbursements deposited directly into your bank account.
Can commuter FSA be used for gas?
You can't use commuter benefits funds to pay for fuel, mileage, or other costs related to your personal vehicle.
Can I use my WageWorks commuter card for Uber?
With our partnership with Uber, you can now use your WageWorks® Commuter Card to pay for uberPOOL rides. This gives you the flexibility to use pre-tax funds to pay for uberPOOL rides when commuting to and from work.
How does a WageWorks card work?
The WageWorks Healthcare Card is the quick and easy way to pay for eligible healthcare expenses using your WageWorks healthcare benefit account(s). It works like a pre-loaded debit card. Use it to make a co-payment at a doctor's office, purchase prescriptions at the pharmacy, buy a new pair of glasses, and more.
Can you take money out of WageWorks?
Yes, you can withdraw funds from your HSA at any time. But please keep in mind that if you use your HSA funds for any reason other than to pay for a qualified medical expense, those funds will be taxed as ordinary income, and the IRS will impose a 20% penalty.
How do I get my money back from WageWorks?
Through the WageWorks EZ Receipts® mobile app. Use your mobile device to snap a photo of your receipts and submit them for reimbursement. Though your WageWorks account. Log into your account, select the Pay Me Back option, upload a digital image of your receipt, and submit your claim.
Do commuter funds expire?
Commuter benefits funds do not expire unless you leave your company. These funds will continue to rollover month to month, year to year, as long as you're still at the same company. However, when you leave the company, any unused funds in your account will be returned to the company.
What is commuter credit?
Note:Commuter Credits are pre-tax funds that were not used for an intended benefit month. Credits can be a result of an unused returned pass to the transit agency, an unclaimed Pay Me Back expense, or the unused balance from a previous commuter program.
What happens if you leave your employer?
If you leave your employer, you forfeit any pre-tax funds left in your account, although you are refunded any remaining post-tax funds. If you think a change may be coming, the best thing to do is log into your WageWorks accountand adjust your elections as soon as possible.
Does my commuter card have a pin?
If you choose “debit,” you’ll be asked for a personal identification number (PIN), and your Commuter Card doesn’t have a PIN. If you’d like to add an optional PIN to your Commuter Card, please call WageWorks Customer Service at 1-877-924-3967.
Can I use my wageworks card at a vending machine?
You use your WageWorks Commuter Card just like you use a debit card—just swipe and go. Use it at transit agency ticket vending machines, ticket windows, and transit agency ordering websites. If you have to choose between a debit or credit option when using your card at a ticket vending machine, choose “credit.”.
How often do you load your wage work card?
Depending on your employer’s plan setup, funds are loaded on your WageWorks Commuter Card on either a pay period basis or once a month. The WageWorks Commuter Card makes it quick and easy to pay for eligible commuting expenses.
Can I use my wageworks card to pay for parking?
If your company offers a WageWorks Commuter Parking Account, you may also use the card to pay for a wide variety of parking options . It’s easy—just swipe and go! When you swipe your card at checkout, choose "credit" (even though it isn't a credit card). Getting Your Card.
What is transit benefit?
Transit covers public transportation and vanpools carrying six or more adult passengers (excluding the driver). Parking benefits must be used for parking at or near work, or at or near a place where you take public transportation to work (known in some places as Park & Ride).
When is the deadline for WageWorks?
Also, remember that the deadline for submitting the Special Handling Form is the 15th of the month.
Can you combine monthly limits for vanpool?
You may not combine the monthly limits to increase the individual limit for either transit or parking. Official vanpool fees. Qualified Parking – The cost of parking on or near the business premises of your employer, or near a location from which you commute to work by mass transit, vanpool or carpool.
How long do you have to use your wageworks card?
If you have a prefunded account, you have 90 days after you leave your job to use the money on your WageWorks Commuter Card to place orders. If you don’t have a prefunded account and you leave your employer, there won’t be any money on your card to use to place orders. Ask your employer what kind of account your have.
Where to park at work?
Parking at your spouse's place of work. Parking at a mall or similar location where you stop on your drive to or from your place of work. Parking at an airport for taking an airplane to work . Costs that have been or will be paid by your employer, such as for a business trip.
How long do you have to use unused funds in your employer account?
If your employer has the Commuter Account Model and you have unused funds in your account, you may submit new ordering instructions, and you have ninety (90) days from the date of termination of your employment to use the funds in your account for eligible expenses.
How much money do you put aside for vanpool?
It’s a great way to put extra money in your pocket each month and make your commute more convenient and affordable. You may set aside up to $270 dollars per month on a pre-tax basis to pay for vanpool expenses, which means you take home more of your paycheck every month.
