Commuter Benefit Accounts (CBA)
The Commuter Benefit Account allows employees to pay for the expenses of parking near their place of employment and travel to and from work.
Employees set aside a certain amount of each paycheck into an account—before paying income taxes.
During the year, participants may access this account for transit and parking expenses. Payments from the account are tax-free to employees.
Payments for qualified expenses are tax-free. Participants may purchase parking and transit passes through WageWorks Commuter Express or pay qualified expenses directly from their flex account with the take care® Card.