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Commuter Transportation and Parking Flexible
Spending Accounts
The commuter transit and parking FSA allows you to pay for eligible
work-related transportation and parking costs on a pre-tax basis. You
can use your mass transit and parking FSA to pay for things such as
the following.
Daily or monthly parking expenses
Bus fare and light rail fares
Train and subway tickets
During open enrollment, you can elect to set aside a certain amount
of pre-tax earnings to cover qualiied costs incurred while commuting
to work. You must designate an amount for mass transit expenses
and a separate amount for parking expenses. Separate reimbursement
accounts are maintained for each category and funds cannot be
commingled or transferred between accounts.
The 2016 monthly limit for commuter accounts is $255/month for
qualiied parking expenses and $255/month for mass transit expenses.
The transit and parking beneit does not include a “use it or lose it”
penalty, as is the case with the healthcare FSA and dependent care
FSA.
Pet Insurance Employees have three easy ways to
Optimas offers you the ability to purchase pet insurance through learn more about pet insurance and to
Nationwide at an affordable group rate. With Nationwide, you have enroll in coverage.
the option of choosing between three plan options. Nationwide’s pet 1. Follow this link
insurance plans reimburse you for eligible veterinary expenses ranging www.petinsurance.com/optimas
from wellness coverage to expenses relating to accidents, illnesses, 2. Visit www.petsnationwide.com
and injuries for dogs, cats, birds, and exotic pets. Premiums are paid and then enter Optimas
directly from your own bank account or credit card. 3. Or call 877.738.7874; mention you
are an employee of Optimas
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Spending Accounts
The commuter transit and parking FSA allows you to pay for eligible
work-related transportation and parking costs on a pre-tax basis. You
can use your mass transit and parking FSA to pay for things such as
the following.
Daily or monthly parking expenses
Bus fare and light rail fares
Train and subway tickets
During open enrollment, you can elect to set aside a certain amount
of pre-tax earnings to cover qualiied costs incurred while commuting
to work. You must designate an amount for mass transit expenses
and a separate amount for parking expenses. Separate reimbursement
accounts are maintained for each category and funds cannot be
commingled or transferred between accounts.
The 2016 monthly limit for commuter accounts is $255/month for
qualiied parking expenses and $255/month for mass transit expenses.
The transit and parking beneit does not include a “use it or lose it”
penalty, as is the case with the healthcare FSA and dependent care
FSA.
Pet Insurance Employees have three easy ways to
Optimas offers you the ability to purchase pet insurance through learn more about pet insurance and to
Nationwide at an affordable group rate. With Nationwide, you have enroll in coverage.
the option of choosing between three plan options. Nationwide’s pet 1. Follow this link
insurance plans reimburse you for eligible veterinary expenses ranging www.petinsurance.com/optimas
from wellness coverage to expenses relating to accidents, illnesses, 2. Visit www.petsnationwide.com
and injuries for dogs, cats, birds, and exotic pets. Premiums are paid and then enter Optimas
directly from your own bank account or credit card. 3. Or call 877.738.7874; mention you
are an employee of Optimas
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