Transit benefits
The Parking and Commuter Subsidy helps cover your commuting costs to and from select locations (Boston, Cambridge, D.C.). Whether you need to pay for public transportation or to park your car by the office or at a train station, the Company will help cover the costs. Click here to see a list of eligible expenses.
Every month, you are eligible to receive $325 for the Parking Benefit and $325 for the Commuter Benefit. You may enroll in both, one, or neither of these programs. Any unused balance will carry over month-to-month.
Please note, for Seaport-based employees only: You cannot deposit more money into your parking and commuter accounts; you will only be allowed the subsidy you receive each month from the Company. At the end of the year, you forfeit any balance left in your account. If you no longer need the subsidy, please change your election to $0 until you need it again. NOTE: Do not “waive” coverage, as this will terminate the benefit and you will not be able to use any remaining funds. You can change your election at any time throughout the plan year.
The Parking Benefit covers costs for parking at public parking lots near the office or for parking at a train station. If you enroll in the parking benefit, you will receive a $325-per-month subsidy. You will get a commuter debit card after you enroll.
You do not have to re-confirm your election after you enroll for the first time. The amount will be automatically deposited into your account on the second paycheck of each month. You can enroll at any time during the year through Benefits4MeEnroll.com. Funds will not be retroactively adjusted and will only take effect as of the date you submit your elections.
You will receive a commuter debit card to pay for eligible parking expenses. If you ever forget your debit card, you can pay out of pocket and submit the expense for reimbursement. You must provide receipts for proof of parking costs when you submit for reimbursement. If you are submitting for reimbursement after year end (December 31 of the given year), you can only submit expenses from January 1 through December 31 of that year. You have 90 days after December 31 to submit reimbursement requests.
If your employment at EMD Serono ends, you can be reimbursed for expenses incurred through your end date. You have up to 90 days AFTER your end date to submit claims for reimbursement.
Remember: Save your receipts! If you pay for parking costs out of pocket, you’ll need a receipt to be reimbursed for the expense. You must submit any reimbursement requests through Benefits4MeEnroll.com.
The Commuter Benefit covers your costs for public transportation to and from work. If you enroll in the Commuter Benefit, you will receive a $325-per-month subsidy. You will receive a commuter debit card after you enroll.
You do not have to re-confirm your election after you enroll for the first time. The amount will be automatically deposited into your commuting account each month. You can enroll in this benefit at any time during the year through Benefits4MeEnroll.com. Funds will not be retroactively adjusted and will only take effect as of the date you submit your elections.
You must use your commuter debit card to pay for public transportation costs. You CANNOT pay for public transportation expenses out of pocket and submit them for reimbursement, per IRS regulations.*
*Exceptions will be made only if your commuter debit card was not received in time to purchase a transit pass OR if your commuter debit card did not work at the transit merchant or was declined at the time of sale. You must fill out a Transit Exception Reimbursement Form to receive cash reimbursement for these exceptions.
You must actively enroll through Benefits4MeEnroll to begin receiving the Parking and/or Commuter Benefits. You will begin receiving funds at the end of the month in which you enrolled. After that, your funds will then be deposited in the first paycheck of each month – you do not need to take any action.
Your new debit card will be mailed 7-10 business days AFTER enrollment. NOTE: If you already have a Flexible Spending Account debit card, funds will be loaded on your current card and a new card will not be issued.
You can change your election to $0 if your travel situation changes. Remember, this can be changed on a month-by-month basis.