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Commuter Benefits Administrator, Clarity Benefit Solutions, Discusses Four Ways to Prepare a Commuter Benefit Program for 2018

Clarity Benefit Solutions
Posted on: 11 Jan 18
Commuter Benefits Administrator, Clarity Benefit Solutions, Discusses Four Ways to Prepare a Commuter Benefit Program for 2018

PR Newswire

NEW YORK, Jan. 11, 2018

NEW YORK, Jan. 11, 2018 /PRNewswire-iReach/ -- Commuter benefits administrator, Clarity Benefit Solutions, discusses four ways to prepare a commuter benefits program for 2018.

A commuter benefits plan is an excellent way for employers to encourage employees to utilize public transportation by allowing them to use pre-tax dollars to pay for an array of commuting expenses. There are several ways to do this: a pre-tax, employee-paid payroll deduction, a tax-free, employer-paid subsidy, or by combining both methods. Here are four ways to prepare a commuter benefits program for the upcoming year.

Determine that your transportation benefits are qualified. Federal laws require that qualified transportation benefits meet certain criteria, such as: a transit pass be subject to specific conditions; transportation in a commuter highway vehicle must pertain to travel between the employee's residence and workplace; qualified parking; and any qualified bicycle commuting reimbursement of up to $20 per month (not available with any other qualified transportation benefit).

Make sure to choose the best commuter benefit program for your company. Employers must consider several factors when choosing a commuter benefit program. First, determine the total cost as well as how much savings you will realize. Then, examine your company's savings from an annualized perspective by taking the average election for each employee—less any administration fees. Work with a benefits administrator to determine available transportation options accessible at all company locations, and which options are best to offer employees.

Ensure that the commuter benefit program enrollment process is seamless. Be sure to provide employees with a user-friendly web portal so they can register for commuter benefits with ease. And, once your company starts saving money, set aside some of that money to make office improvements or enhance employee benefits to make the program more attractive.

Stress the tax savings/monetary advantages of commuter benefit programs to employees. Chances are, most employees may not realize the advantages associated with commuter benefits programs. Employees can reap significant savings on these expenses—up to 40 percent in some cases. Typical commuter expenses include public transit to or from work, vanpools/carpools, and parking near the office or a nearby train station. Share this information with employees in a multitude of formats.

About Clarity Benefit Solutions: Clarity Benefit Solutions provides technology that makes the health insurance plan selection process fast, easy, and straightforward. For over two decades, we have provided clients with industry-leading technology, compliance, and exceptional customer service. Our offering is designed to save time and lower the costs of managing benefits while also promoting employee self-service and automated ACA compliance.

Media Contact: Calvin Clark, Clarity Benefit Solutions, 732-428-8272,

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SOURCE Clarity Benefit Solutions

PR Newswire

Last updated on: 11/01/2018

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