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How does Waterworks reimbursement work?
Waterworks makes it easy for you to use the money in your Commuter Parking Account to pay and get reimbursed for eligible parking expenses. These payment options are fully automated. Log into your Waterworks account on either the web portal or the mobile app, select your preferred payment option, and follow the prompts.
How does Waterworks pay back work?
Pay Me Back. You can have funds deposited directly into your bank account or a check mailed to reimburse you for eligible parking expenses you've already paid. Depending on your employer's plan, you may use the convenient Waterworks Commuter Parking Card to pay for eligible parking expenses directly from your account.
How does Waterworks pay back?
Through the Waterworks EZ Receipts® mobile app. Use your mobile device to snap a photo of your receipts and submit them for reimbursement. Though your Waterworks account. Log into your account, select the Pay Me Back option, upload a digital image of your receipt, and submit your claim.
Can you take money out of Waterworks?
Yes, you can withdraw funds from your HSA at any time. But please keep in mind that if you use your HSA funds for any reason other than to pay for a qualified medical expense, those funds will be taxed as ordinary income, and the IRS will impose a 20% penalty.
How does Waterworks HSA work?
The Waterworks Health Savings Account (HSA) is like a 401(k) for medical expenses. It enables you to set aside money from your paycheck pre-tax into a savings account used for eligible expenses and have the interest grow tax-free. HSA funds can be used for eligible expenses until the deductible has been met.
How does Waterworks parking work?
Once enrolled in Waterworks Parking Commuter Benefits, your employees can pay for parking using pre-tax dollars. Funds are moved to a parking account before taxes are deducted. While parking costs remain the same, your employees end up saving money because of the pre-tax deduction.
How long does it take to get reimbursed from Waterworks?
Your claim will be processed in two to three business days. Once your claim has been processed, it will be visible in your Waterworks account. It takes an additional two to three business days for your reimbursement to be issued.
How long does it take to receive FSA reimbursement?
Members are typically reimbursed from their FSA within 10 to 14 days.
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