Commuter benefits help employees pay for qualified commuting expenses with pre-tax money. To have commuter benefits with Gusto, you must have health insurance with Gusto. If you already offer commuter benefits and manage them externally, you can set up deductions for payroll.
Follow these steps to start offering commuter benefits to your team:
Once you’ve finished adding the commuter benefits, we'll email you with the effective date and your employees will be notified to enroll. Unlike most other benefits, your team can change their commuter benefit elections anytime throughout the year.
Depending on how the policy was set up, full-time, part-time, seasonal, and variable employees can be eligible for commuter benefits.
If you’d like to change your company’s commuter eligibility restrictions, please reach out to our team for assistance.
Owners taking owner’s draws and 2% or greater shareholders of an S Corporation are not eligible to participate in commuter benefits.
You'll need to reach out to our team directly to cancel your commuter benefits.
The termination will be at the end of the current month. Here are things to keep in mind:
Employees have 90 days from the end of the policy to submit claims for services incurred while the policy was active.
Any unused funds after the 90 days will be forfeited to the company.