MMFS Employee Benefits Guide 2022

PARKING & TRANSIT BENEFITS

There are two different types of Commuter Accounts – Transit and Parking. You may participate in one or both accounts. The accounts are separate and you cannot transfer money between these accounts.

By taking advantage of the parking plan, you can make your work place commute and parking more affordable and increase your take home income. You may claim expenses for a parking space close to your office or for a parking space from which you commute by public transit, van or car pool. The parking space cannot be near your place of residence.

Monthly elections for parking and transit will be placed on one commuter card.

MONTHLY CONTRIBUTION LIMITS Up to $270 on a pre-tax basis Any amount above $270 will be deducted post-tax Up to $270 on a pre-tax basis Any amount above $270 will be deducted after-tax

ACCOUNT TYPE

ELIGIBLE EXPENSES

 Train, bus and subway passes  Metrocards

Transit Account

 Parking at or near your work location or mass transit (used for commuting)

Parking Account

CHANGING YOUR ELECTION Changes to your parking and transit account can be made by the 7th of each month for the following benefit month. For example, if you currently ride your bike to work and move to Queens on September 1, you can enroll in the transit account on or by September 7th and your benefit will be effective October first. Applicable transit cards or passes will be mailed to employees by the 23rd of the month prior to the effective date.

To register for this benefit, please visit the Health Equity Registration portal . To change your elections or manage your account, please visit the participant site for more details. If you have any enrollment or registration issues please contact your HR Manager.

QUESTIONS? Call BenefitsVIP at 866.286.5354