You put money in a special account to pay for eligible work-related transportation and parking costs. It’s pre-tax dollars meaning you save money!
What you need to know:
- Submit your eligible work-related transportation and parking costs to HealthPartners
- HealthPartners will pay you from your FSA, if funds are available
- You are only paid for services that you have received
- You only get to use dollars available in your FSA account at the time of reimbursement
Use your transportation and parking FSA to pay for things like:
- Daily or monthly parking expenses
- Bus fare and light rail fares
- Train and subway tickets
Key FSA details
- Know your maximum election — Your employer will set your FSA account limits. Check with your employer for details.
- Carefully estimate your FSA election — Think about how much you spend each year on transportation and parking. That is how much you will want to put into each FSA.
- Use it or lose it — You will lose any money left in your FSA at the end of the plan year. Usually, there is a "run-out" period at the end of the year that lets you catch up on any claims you missed. The length of the "runout" period is set by your employer. Check with your employer to find out more.