Sonesta Employees are eligible for this tax-advantaged commuter benefit program which is administered by HealthEquity. Some things to know about the program:
HealthEquity Commuter
HealthEquity® Commuter is a pre-tax benefit account used to pay for qualified parking and public transit—including train, subway, bus, ferry, and eligible vanpool---as part of your daily commute to work. And HealthEquity Commuter is a great way to put extra money in your pocket each month and make your commute more convenient and affordable.
Why You Need It
How It Works
Simply decide how much to contribute up to the allowed monthly limit. Funds are withdrawn from your paycheck for deposit to your account before taxes are deducted. Pause or cancel contributions to your account at any time. There’s no “use it or lose it” as long as you’re enrolled in the program.
How Much You Can Contribute
Contribution maximum amounts are as follows:
Transit (eligible transit and vanpool): Pre-Tax up to $315, post-tax up to $530
Parking (eligible parking): Pre-Tax up to $315, post-tax up to $530
Deductions will be deducted from your paycheck in the month prior to the actual benefit month.
How You Use It
Use a variety of convenient payment methods associated with your account:
HealthEquity Commuter
HealthEquity® Commuter is a pre-tax benefit account used to pay for qualified parking and public transit—including train, subway, bus, ferry, and eligible vanpool---as part of your daily commute to work. And HealthEquity Commuter is a great way to put extra money in your pocket each month and make your commute more convenient and affordable.
Please note that transit pass offerings and types vary by Transit agency. You may be familiar already what offerings are available in your metro area, but once you register your account you will be able to view what is available based on your area of commute.
Link to register: www.HealthEquity.com