Frequently Asked Questions

How does a CRA work for participants?
01/03/2019
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Your commuter reimbursement account (CRA) is a spending account for work-related commuter and parking costs. You get to decide how much to put into your account each month and then use your MyAmeriflex Debit Mastercard to pay for expenses like transit passes and parking.

Your account is funded with pre-tax payroll deductions, which puts more money back in your pocket by lowering your taxable income. You can change how much money you put into the account month by month. If you feel like you didn’t contribute enough money one month, you can easily increase your contribution for the next month. And any unused money at the end of the month will roll over to the next. Any contributions that exceed the monthly limit must be made on a post-tax basis.

MONTHLY CONTRIBUTION LIMIT ELIGIBLE EXPENSES

• $270/month for transit expenses

• $270/month for parking expenses

• Public transit - train, subway, bus, ferry, or vanpool

• Rideshare services

• Parking

• SpotHero reserved parking

TRANSIT ACCOUNT OVERVIEW

A transit account can be used to pay for transit expenses to go from home to work, and back home. Transit funds and Parking funds are not interchangeable. Funds are available as deducted from your payroll and cannot be accelerated to exceed the monthly limit. Other important things to know:

• Both you and your employer can fund the account

• No manual claims are permitted per IRS rules

• Mass transit passes may only be paid at the point of sales with your MyAmeriflex Debit Mastercard

• You can only use funds while you are an active employee, and your employer cannot grant an extension for you to use funds after termination

• COBRA does not apply to your transit account

ELIGIBLE TRANSIT EXPENSES

• Transit Pass Expenses incurred for any pass, token, farecard, or voucher that entitles a person to transportation (or transportation at a reduced price) on mass transit facilities (whether or not publicly owned) or provided by any person in the business of transporting persons for compensation or hire if provided in a highway vehicle with a seating capacity of at least six adults (excluding the driver).

• Commuter Highway Vehicle (Van-Pool, i.e., transportation in a commuter highway vehicle if such transportation is in connection with travel between the employee's residence and place of employment)

• uberPOOL and Lyft Line rides to and from work

INELIGIBLE EXPENSES

• Tunnel, bridge, or highway tolls (EZ Pass)

• Fuel, mileage or other costs incurred to operate a personal vehicle or taxi

• Non-work related transportation expenses

• Expenses incurred in traveling from your office to business or client meetings

• Transit expenses of your spouse and dependents

• Expenses incurred prior to the date of plan election.Expenses incurred after the date of termination of the employee.

* There are no Plan Documents as the Transit account is a Fringe benefit.

PARKING ACCOUNT OVERVIEW

A parking account can be used to pay for work-related parking expenses.The funds in your account are available as deducted from your payroll and cannot be accelerated to exceed the monthly limit. Other important things to know:

• Both you and your employer can fund the account

• Parking expenses may be paid with use of your MyAmeriflex Debit Mastercard

• Reimbursement for parking expenses incurred up to 180 days prior may be requested with a claim form

• You can only use funds while you are an active employee, and your employer cannot grant an extension for you to use funds after termination

• COBRA does not apply to your parking account

ELIGIBLE EXPENSES

• The plan may only be used for the employee to pay for work site-related parking expenses.

• Eligible Parking Expenses are incurred to park your vehicle in a parking garage or lot on or near the business premises of your employer or to park your vehicle at a location from which you commute to work by (a) mass transit facilities, (b) a commuter highway vehicle, or (c) carpool.

INELIGIBLE EXPENSES

• Non-work related parking expenses

• Expenses incurred in traveling from your office to business or client meetings

• Transit or parking expenses of your spouse and dependents

• Any claim submitted more than 180 days after the expense is incurred.

• Expenses incurred prior to the date of plan election.

• Expenses incurred after the date of termination of the employee.