Transportation plans lower your cost of commuting.
Pay for qualified parking, transit and vanpooling expenses using money you’ve set aside pre-taxes. A Discovery Benefits Transportation benefit plan can save you up to 40% of your transportation costs.
Paying with pre-tax dollars allows you to save on transit passes, tokens, fare cards, vouchers, etc., when riding on mass transit, or when riding with someone in the business of transporting people for hire (it must be in a vehicle that seats six or more adults, excluding the driver).
The IRS sets a maximum monthly amount for the pre-tax payments made for qualified transit and parking expenses. This amount is updated annually by the IRS. You save both federal income tax and FICA (Social Security and Medicare) taxes by participating in the Plan.
Transportation Plan Options
Pay for transit passes with your Discovery Benefits Debit Card at your transit authority.
- May be purchased with your Discovery Benefits Debit Card.
- Can be purchased out-of-pocket and be reimbursed via direct deposit or check from Discovery Benefits.
If your employer offers this option, you can receive reimbursement for expenses incurred bicycling to and from work. It’s 100% funded by your employer and is unavailable during a month you also receive reimbursement for transit and/or parking.
Transportation Spending Account
Purchase transit and parking products on a monthly basis.
- One benefits debit card for all reimbursement accounts
- One log in for all reimbursement accounts
- Mobile apps