Commuter Benefits

For example, consumer-driven health plans , which are typically high-deductible health plans tied to a health savings account, are generally less expensive than traditional health plans. Additionally, small employers who meet certain eligibility criteria may qualify for a Health Care Tax Credit. For more information on eligibility requirements for the Small Business Health Care Tax Credit, visit the Internal Revenue Service website here. ADP serves nearly 700,000 U.S. employers in paying 26 million U.S. employees across businesses of all sizes. A former employee who has left the University with a Pay Me Back Parking balance has 180 days after the end of the last eligible benefit month to file a claim.

Does ADP provide commuter benefits?

Eligible parking expenses include fees paid for parking at a mass transit site or parking at/near an employee’s place of work. The evolution of commuter ordinances underscores the expanding role of pre-tax benefits for professionals in the modern workplace. As commuter ordinances continue to evolve, businesses must be proactive in managing their compliance efforts. For the latest on how federal and state tax law changes may impact your business, visit the ADP Eye on Washington Web page located at /regulatorynews. Generally speaking, a direct primary care arrangement (DPA) is an alternative to fee-for-service insurance billing. Patients pay a fixed monthly or other periodic fee that permits them unlimited access to certain primary care services without the need to pay additional fees at the time of service.

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These arrangements were historically considered incompatible with HDHPs and disqualifying coverage for HSAs. To remain HSA compatible, covered services under the DPA cannot include procedures that require anesthesia, prescription drugs (other than vaccines), and certain laboratory services. On October 18, 2022, the IRS announced that employees who use commuter benefits can now spend up to $300 per month tax-free starting on January 1st, 2023. Ensure you aren’t discriminating in favor of highly compensated or key employees by performing non-discrimination testing at least twice per plan year. Our simple, three-step solution will keep your health plans compliant and give you peace of mind.

More commuter coverage

Employees can add their benefits card to their mobile wallet to take advantage of faster, more secure, and contactless payment systems where available. Now, all that information is at an employee’s fingertips and they can understand their coverage, what they’ve chosen, who’s eligible and who their dependents are. From a day-to-day activity perspective, our benefits team especially has seen a big change in the types of questions they’re now being asked. Enrich the benefits experience for everyone in your organization with a solution that helps streamline administration, control costs and attract and retain talent. For businesses with a national or multi-city presence, navigating multiple ordinances can be daunting. Each city’s regulations may require a tailored approach, necessitating a comprehensive understanding of the nuances and intricacies of each jurisdiction.

Flexible Spending Account (FSA)

• Now, all that information is at an employee’s fingertips and they can understand their coverage, what they’ve chosen, who’s eligible and who their dependents are.
• Eligible transit expenses include bus, train, subway, ferry and commercial vanpool/carpool options to get to/from work.
• Each offers a full range of products for employees and specialized commuter benefits support and service for employees and employers.

It is important to find a suitable template and fill it in with the correct information. With the proper solution for processing documents, you can get all the instruments at hand. It is easy to simplify your editing process without learning additional skills. Locate the right sample of Adp Commuter Benefits Enrollment Form and fill it out immediately without switching between your browser tabs. Discover more tools to customize your Adp Commuter Benefits Enrollment Form form in the editing mode.

• DDS is working to implement this through training sessions and other agency wide initiatives.
• Please be advised that calls to and from ADP may be monitored or recorded.
• The Commuter Card is a Visa stored-value debit card that works like a credit card at eligible transit and parking providers.
• HSAs are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties.
• Give your employees a discount on eligible dependent care expenses and we’ll give them streamlined and automated experience.

This blog does not provide legal, financial, accounting, or tax advice. ADP does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. Optum Financial is advancing the way people save, spend, pay and invest for health care. After adp commuter benefits you are logged on to the ADP Spending Account website, you can access the transportation benefits ordering platform within the site. We put all of their benefits on one card backed by intuitive technology that pulls money from the appropriate plan.

And, funding your account couldn’t be easier…it’s all handled through a simple paycheck deduction. ADP is committed to assisting businesses with increased compliance requirements resulting from rapidly evolving legislation. Our goal is to help minimize your administrative burden across the entire spectrum of employment-related payroll, tax, HR and benefits, so that you can focus on running your business. This information is provided as a courtesy to assist in your understanding of the impact of certain regulatory requirements and should not be construed as tax or legal advice.

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Outsource all of your benefits administration needs to WEX and access an end-to-end solution to provide great employee benefits. Our all-in-one PEO solution doesn’t just handle benefits administration tasks for you, it also covers plan design, carrier relations, open enrollment and even employee communications. Commuter benefits can help improve the employee experience by enhancing satisfaction and retention rates. Offering pre-tax commuter benefits demonstrates a commitment to employees’ well-being and work-life balance. This commitment, in turn, fosters a positive workplace culture and aids in attracting and retaining top talent.

ADP Workforce Now integrates with top benefit carriers, helping streamline the exchange of data for plan setup, enrollment and billing. Your HR and finance teams will no longer need to manually enter benefit plan information and keep it updated across multiple systems. This helps reduce the risk of data entry errors and saves hours of valuable time. With an industry-leading mobile experience and seamless carrier integrations, you can help make it simpler and more convenient for your people to manage their benefits. Plus, you’ll have access to deep insights that can help you understand changing employee preferences and advanced technology to adapt accordingly. ADP Marketplace is a digital HR storefront that enables you to connect and share data across all your HR solutions.

Participants get a simplified, personalized experience with one benefits card, one online account, and one mobile app to manage all their benefits. Leverage powerful and agile benefits administration solutions — designed to make things simple, drive employee engagementand help you win the war for talent. While the overarching goal of commuter ordinances is consistent, the specific requirements and regulations can vary significantly from one city to another.

Participants can obtain additional cards for themselves or their family. Employees receive benefits either via paperless/mobile or physical cards, or via paycheck reimbursement. Help employees pay for their travels to and from work using pre-tax dollars, all within one streamlined payments solution. Attract, retain and reward your employees with retirement solutions such as 401(k), SIMPLE IRA or SEP IRA plans —to help them become retirement ready.

Help your employees achieve their short and long-term savings goals with an HSA. Our personalized approach will keep them on track whether they’re paying for healthcare expenses they have now, saving for the future, and/or investing to build wealth in retirement. And, because there are no memberships involved, you can purchase eligible transit and parking services from providers anywhere in the U.S. With an ADP Commuter Benefits Account, you can customize your account to your individual needs as often as you need. We manage almost all aspects of our lives from the palms of our hands. Our benefits and COBRA mobile apps were built with that in mind with a simple, and modern experience whether your employees are on mobile or online.

The Beniversal Card ensures funds can be conveniently accessed at qualified mass transit and parking merchants accepting Debit Mastercard. One of the primary advantages of commuter ordinances is the array of tax incentives available to employers and employees. Employers can enjoy tax savings through reduced payroll taxes, while employees benefit from lower taxable income. This financial relief not only promotes cost savings but also positions companies as socially responsible entities. COBRA coverage allows qualified beneficiaries the right to maintain group health benefits when coverage would otherwise be lost due to a qualifying event. However, navigating the complex IRS and DOL requirements can be daunting.

Your salary, tax rate, healthcare expenses, and tax savings may be different. A WageWorks® Commuter Transit Account is a pre-tax benefit account used to pay for public transit—including train, subway, bus, ferry or vanpool—as part of your daily commute to and from work. Help employees save up to 30% on dependent care costs1 with a HealthEquity DCFSA program. A DCFSA allows employees to set aside pe-tax dollars to pay for qualified dependent care expenses such as daycare, preschool, elder care or other dependent care. To thrive, your business needs to attract and keep the best and brightest employees. ADP and its affiliates have got your back with standout benefits like retirement plans and group health insurance, as well as benefits administration and business insurance.