uberPool and Lyft Line Commuter Benefits

Great News! Transit to work, just got easier! You can now use pretax dollars to pay for uberPOOL and Lyft Line when you commute. This means you could save up to 40% when you rideshare to work via uberPOOL or Lyft Line.

Great News! Transit to work, just got easier!
You can now use pretax dollars to pay for uberPOOL and Lyft Line when you commute. This means you could save up to 40% when you rideshare to work via uberPOOL or Lyft Line.

Do you use uberPOOL, or Lyft Lines to commute to work? Now, you can use PRE TAX dollars to pay for your ride share, giving you more alternatives to your daily commute. HRCTS is pleased to announce our VISA ICard has been approved as payment for these vendors, providing you the opportunity to save up to 40% when you rideshare to work!

Lyft Line enables commuters to save money by commuting using their pre-tax dollars. Lyft Line matches people going to the same place at the same time to share an eligible van pool vehicle (six or more seats).  Marketplaces such as:  Miami, Boston,New York, and Seattle can now us their HRCTS VISA iCard to their Lyft Line commute.

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UberPOOL has promoted the four-passenger maximum as a convenient way for people going in the same direction to share a journey and that the pretax commuter benefits will make it more affordable.I'm a new Text block ready for your content.

 

Use of the HRCTS VISA iCard is currently available in the following uberPOOL marketplaces: Atlanta, Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York City, Philadelphia, San Diego, San Francisco, and Seattle, and in the state of New Jersey.

 

 


IRS Benefit Limits for 2012

IRS Benefit Limits for 2012

On October 20, 2011 the IRS posted changes related to various benefits for employees affecting everything from pension plans, 401k's, medical saving accounts, health savings accounts, and commuter benefit plans.
HR Concepts would like to assure our partners and clients that we will be updating our employee education documents, forms, and procedures to comply with these new changes in the coming weeks. In particular we are preparing updated educational materials for enrollment meetings in order to clarify the limits to pre tax benefits administered by HR Concepts. For those sponsoring or considering a Commuter Benefit Plan please note transit reimbursement account expenses will be dropping from $230/month to $125/month and parking reimbursement limits will be increasing from $230/month to $240. There are also minor increases in the High Deductible Plan Maximums for HSA plans. Please review the following highlights as you consider the employee benefit offerings in 2012. To see the most recent IRS announcement regarding benefit limit changes go here.


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