COMMUTER BENEFITS
Use pre-tax funds to pay for eligible transit and parking expenses.
How to Use Commuter Benefits
Before enrolling
Take time to accurately estimate your upcoming expenses. Keep in mind, expenses can only be incurred by you (not your spouse or dependents) and must cover the cost of parking or transit associated with your commute.
You can enroll in just a Transit Account, just a Parking Account, or both. Funds for parking and transit are kept separate and are non-transferrable. Amounts cannot exceed the IRS maximums ($315 per month for each account in fiscal year 2025).
During the plan year
You will be able to quickly and easily make payments for eligible expenses using pre-tax dollars. The funds will be available for you to spend as they are deducted and posted to your Voya Account. You must use your Voya debit card for Transit expenses. For Parking, you can use the card, or use your own funds and submit for reimbursement. You need to file claims within 180 days of incurring the Parking expense. Be sure to stay current on your claims filing.
Periodically review your account(s)
Use the mobile app or online portal to monitor your account and make sure your balance isn’t building up too much. You can change your election amount for the first of any month, subject to your employer’s payroll deadlines. Funds will roll over month to month and year to year, but unspent funds are forfeited upon termination.
NOTE: Any enrollments or changes made to transit and/or parking benefits after the first of the month will be reflected on the first paycheck of the following month.
