COMMUTER FSA
You can also participate in one or both tax-free Commuter FSAs that allow you to save money on the cost of commuting to work.
Mass Transit account— allows you to set aside up to $ 315 per month in tax-free dollars to pay for mass transit and / or vanpool costs to commute to work. The Commuter Transit Subsidy Program is used to pay for public transit— including Metro rail, Metro bus, and eligible vanpools as part of your daily commute to work. MWAA provides a subsidy of up to $ 220 per month, not to exceed your monthly commuting expenses. If you drive and park on MWAA property, you are not eligible for mass transit.
Parking Reimbursement account— allows you to set aside up to $ 315 per month in tax-free dollars to pay the cost of parking at work, carpool or vanpool lot, Metro station, and other work-related parking.
NO“ USE IT OR LOSE IT” RULE
Unused money in your commuter FSA will automatically roll over into next year if you are actively enrolled in the plan.
If you stop your commuter contribution, you will have until the following March 15 to incur expenses and until March 31 to file claims for the prior year. Once you stop your contribution, your FSA Debit card will be canceled, and you will need to submit a claim for reimbursement.
HOW TO ENROLL / WAIVE IN WORKDAY:
Click " Menu " Click " Benefits and Pay "
Click " Change " under Tasks and Reports
Select change reason " Commuter Programs "
Enter event date( Must be between the 1st and the 20th of the month prior to month start date)
Click " Submit "
This will begin the workflow process to the Benefits Partner. Once the Benefit Partner approves the request, a Benefit Event will be awaiting action in your Workday inbox for you to enroll in the commuter programs( transit / parking).
Go to your Workday inbox and click " Benefit Event Commuter Programs "
CLICK LET’ S GET STARTED
Click " Enroll / Manage " in the commuter program( s) that you use to commuter to work
Click " Select / Waive " Click " Confirm " and " Continue "
Enter per paycheck Contribution( two paycheck deductions a month)
Click " Save "
Once you enrolled / waived in your commuter program( s), click " Review and Sign "
View Summary and click " Submit "
THE FBA BENEFITS CARD
The easy way to access all of your benefits
SAVE MONEY BY PARTICIPATING IN BENEFIT ACCOUNTS Are your out-of-pocket health care, dependent care and transportation costs rising? Taxadvantaged benefit accounts are a great way for you to save your hard-earned money. These accounts can include:
• Health care flexible spending accounts( FSAs)
• Dependent care flexible spending accounts( DCAs)
• Commuter accounts( transit / parking)
MULTIPLE BENEFIT ACCOUNTS, ONE CARD In the event that you have multiple benefit accounts, you need only one benefits debit card. Our technology understands which purchases should be applied to any one of your accounts. If your card is swiped at your child’ s daycare, the funds will be deducted from your dependent care FSA. Buy a train token automatically with funds from your transit account. It’ s one smart card!
HOW LONG IS MY CARD VALID? As long as you do not have a break in participation, you can use your card for three years until the expiration date printed on it. If you are still a participant when your card expires, a new card will be automatically mailed to you.
If you want to enroll, change your Commuter FSA contributions or discontinue your participation, you must make the election in Workday between the 1st and the 20th of the month prior to the month when you want the election to start.
10 | METROPOLITAN WASHINGTON AIRPORTS AUTHORITY