introduction transportation services [insert audience name] [insert date]
TRANSCRIPT
Introduction
Transportation Services[insert audience name][insert date]
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Instructions to Presenter
Customize the first slide to your audience
Delete the Bicycle Account slide if the employer does not offer it
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What are Transportation Services?
A tax-free way to…
…plan, save and pay some of your commuting expenses
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$5,520
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Lower Taxable IncomePre-Tax Funds
Every $1 set aside for commuting expenses Save 38¢
Pre-tax dollars for transit and parking
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Pre-tax dollars for transit and parking
$230/Month Transit
Total 2011 Limit
$460/month
$230/Month Parking
2011 Limits:
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Use it or lose it?
YOU keep more ofYOUR money.
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Example 1: Parking
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What could Jim use the money for? Lunches, gas, baseball tickets…
Calculations based on 2012 FICA rate of 7.65%. 2011 rate is 5.65% Jim is a fictional character used to illustrate this OptumHealth Financial Services SM program.
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Example 2: Transit
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What could Michelle use the money for? Coffee, books, shoes…
Calculations based on 2012 FICA rate of 7.65%. 2011 rate is 5.65%. Michelle is a fictional character used to illustrate this OptumHealth Financial Services SM program.
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Example 3: Parking + Transit
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What could Lourdes use the money for? Groceries, car maintenance, a vacation…
Calculations based on 2012 FICA rate of 7.65%. 2011 rate is 5.65%. Lourdes is a fictional character used to illustrate this OptumHealth Financial Services SM program.
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Many eligible commuting options
Mass transit: bus, rail, ferry, subway
Other eligible options, such as vanpools
Parking while you are at work
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Mileage, tolls, fuel, taxi fares carpooling and business travel are not eligible.
Spouse and dependent commuting expenses are not eligible.
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Bicycle Account
Up to $20/month in vouchers
Parking and storage fees
Equipment, supplies and repairs
Accumulate vouchers to buy a new bike
Cannot use during same month as transit or parking benefit
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Easy to choose, easy to use
Begin using at any time
Adjust your election at any time
You decide how much to contribute
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Determining your contribution
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Look at your expenses
Adjust estimates if your commute varies.
Change monthly election if needed
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Contribution Examples
Parking: $20 x 6 days = $120
Bus: $4 x 15 days = $60
Driving for Flexibility
Parking: $20 x 4 days = $80
Bus: $4 x 11 days = $44
Going on Vacation
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This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment, and restrictions. Federal and state laws and regulations are subject to change. © 2011 OptumHealth Financial Services
This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment, and restrictions. Federal and state laws and regulations are subject to change. © 2011 OptumHealth Financial Services