Transit/Parking

Features of a Transit/Parking Plan:

• Transit/Parking Plans allow employees to set aside money on a pretax basis
• Money is used to cover certain transit or parking expenses
• Results in significant tax savings to the employee
• Transit/Parking Account funds can be rolled over from year to year
• Unlike an FSA, employees do not lose unused funds in their account

Advantages of a Choice Strategies Transit/Parking Plan:

• Choice Strategies has designed our debit cards to work for numerous types of transit/parking expenses for a more convenient benefit to employees
• If the employee has multiple accounts through Choice Strategies, all funds can be accessed through one benefits card vs. one for each type of plan
• We ensure that funds are pulled correctly from the qualified account

Eligible expenses on a Transit Account include:

• Metro Cards
• Subways
• Buses
• Ferries
• Commuter Rail
• Vanpools
• Your Transportation Account may not be used for tolls, gas, or other driving-related expenses.

Eligible expenses on a Parking Account include:

• Eligible parking expenses include parking at work or near a location from which you commute
• For more information, visit our Member FAQs page