What are Qualified Transit and Parking Expenses?

Only expenses for work-related parking or mass transit for employees may be paid through the plan. Expenses for family members may not be paid.

“Parking” is defined as parking provided to an employee on or near the business premises of the employer or on or near a location from which the employee commutes to work by transportation for which a transit pass is used (i.e.; bus, RTA). Such term shall not include any parking on or near property used by the employee for residential purposes.

“Mass Transit” is defined as a bus, railway, subway, ferry, tramcar or streetcar, either publicly or privately owned that is used for transportation to and from work.

How do I use the BASIC Prepaid Benefits Card to pay for transit and parking expenses?

Use your BASIC Prepaid Benefits Card to pay for transit passes purchased through your transit provider. The Card will only work for transit passes purchased at transit vendor locations such as a farepass kiosk, the transit authority ticket office or online pass purchases. The easiest way to buy transit passes is online at your transit provider’s website.

Use the BASIC Prepaid Benefits Card to pay for parking expenses at qualified locations.

Can I be reimbursed for Parking expenses?

Yes, parking participants may be reimbursed directly for parking expenses when the BASIC Prepaid Benefits Card cannot be used. For direct reimbursement, employees must submit a claim form and a receipt or statement from the parking facility that indicates the amount and date of the expense. Documentation of the expense must be attached unless you certify that a receipt is not provided by your parking facility in its ordinary course of business (i.e. metered parking, unattended daily lots, etc.)

Transit expenses can be paid only with your BASIC Prepaid Benefits Card direct reimbursement is not permitted.

Eligible Dependent Care Expenses:

The following are eligible Dependent Care Expenses. Note that expenses must be for care, not for education, and must be incurred to enable you and your spouse, if married, to work or look for work. Learn more here.

• Expenses for care of children under the age of 13
• Expenses to care for a dependent of any age if physically or mentally incapable of self-care ( Ex. -adult day care services)
• Babysitting/daycare/preschool tuition for children under the age of 13
• Before & after school programs for children under the age of 13
• Sick child care
• Summer day camp

How much can I contribute to my Dependent Care FSA?

The total that each family can elect for a Dependent Care FSA must not exceed $5,000 per household ($2,500 each if married and filing separately) in accordance with IRS rules. If married, you must ensure that you and your spouse limit your individual elections to total no more than $5,000 combined.

What is the deadline to submit a claim?

Active employees have 90 days after the end of the Plan Year (until March 31st) to submit Dependent Care expenses incurred in the prior year. There is no deadline to submit parking or transit claims.