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Through the WageWorks EZ Receipts® mobile app. Use your mobile device to snap a photo of your receipts and submit them for reimbursement. Though your WageWorks account. Log into your account, select the Pay Me Back option, upload a digital image of your receipt, and submit your claim.
Commuter benefits are an employment benefit provided by your employer for travel between your home and place of employment. Per IRS regulations, your employer can't refund your unused commuter benefits funds back to you. However, you can submit claims for eligible expenses incurred during employment for up to 90 days.
"Use it or lose it" rules do not apply to commuter benefits. If an employer is contributing to employee commuter benefits accounts, the same amount must be contributed to all employees. The funds stay in the company's account until the employee uses their card or submits a claim.
Commuter benefits funds do not expire unless you leave your company. These funds will continue to rollover month to month, year to year, as long as you're still at the same company. However, when you leave the company, any unused funds in your account will be returned to the company.
What are Commuter Benefits? Commuter Benefits allow employees to set aside pre-tax dollars to pay for expenses related to commuting to and from work for mass transit, vanpooling and work-related parking costs. This includes transit passes, tokens, fare cards, vouchers, parking passes and more.
When you have an eligible expense, you can submit a claim to be reimbursed from your FSA. cover your claim (up to your annual election amount). You pay for your eligible expenses with tax-free money from your FSA.
A flexible spending account, or FSA, is an account eligible employees allocate pre-tax money to throughout the year. They then use funds in that account to pay for certain out-of-pocket health care costs. Employees can use FSA funds to pay for certain out-of-pocket health care costs.
How long will it take to receive reimbursement? Most claims are processed within one to two business days after they are received and verified. Payments are sent shortly thereafter via direct deposit. You can update your direct deposit information any time through your online account.
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