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Coming in 2026: A New Transit/Commuter Benefits Partner
We are excited to announce that we are moving from MyChoice Accounts to HSA Bank to make using your Transit/Commuter Benefits as easy as possible. You will have access to the same coverage, just under a new vendor!
Coming soon: Your 2026 Annual Enrollment Guide. You can review the details on the transition and what to expect prior to January 1.
The vendor name and contact information on this page are specific to 2025 coverage. While your Transit/Commuter vendor is changing, you’ll continue to have access to the same coverage.
The Transit/Commuter Benefit 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 Transit 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.
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.
Employees in the Seaport office are eligible for the subsidized Transit/Commuter Benefits. This benefit provides eligible employees with a subsidy up to the pre-tax IRS maximum for Parking and/or Transit each month. Seaport employees are not eligible for post-tax deductions. Active enrollment is required to receive the subsidy, which will be deposited into your account on the first paycheck of each month. If you wish to stop receiving your subsidy, you can change your goal amount to $0. This adjustment will allow you to maintain access to your funds while no longer receiving future subsidies. 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. Unused funds will roll over from one month to the next, but any remaining balance will not carry over into the next year.
You cannot deposit more money into your Parking and Transit accounts than the amount above; you will only be allowed the subsidy you receive each month from the Company.
Employees working in the Cambridge office are eligible for subsidized Transit/Commuter Benefits. This benefit provides eligible employees with a subsidy up to the pre-tax IRS maximum for Parking and/or Transit each month. Any amount elected beyond the IRS maximum will be deducted from your paycheck as a post-tax deduction. To receive the subsidy, you must actively enroll in the Transit/Commuter Benefit. Once enrolled, your subsidy will be automatically deposited into your account with your first paycheck of each month, and you won’t need to take any further action to renew the amount. If you wish to stop receiving your subsidy, you can change your goal amount to $0. This adjustment will allow you to maintain access to your funds while no longer receiving future subsidies.
Employees in DC are eligible for subsidized Transit/Commuter Benefits, receiving up to the IRS maximum (pre-tax) dollars monthly. Any contributions above this limit will be deducted as post-tax. Employees must actively enroll in the Transit/Commuter Benefit to receive the subsidy. Once you are enrolled, your subsidy will automatically be deposited into your account on the first paycheck of each month. You do not need to take action each month to renew the amount.
Additionally, employees in DC may opt for a Clean Air Transportation Fringe Benefit known as a Parking Cashout. This benefit is required under the Transportation Benefits Equity Amendment Act and allows employees receiving subsidized parking benefits to exchange them for a cashout. If you choose to accept the Parking Cashout, you must waive 100% of your parking benefit. The payout will be calculated by subtracting your elected transit amount from the maximum transit subsidy amount. After making your choice, you will receive communication regarding when to expect your annual payout. Employees are only eligible to change their Transit/Commuter Benefit elections during their New Hire Enrollment or Annual Enrollment.
You must actively enroll through Benefits4MeEnroll to begin receiving the Transit/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.
You will pay for eligible parking and commuter costs with your debit card, which will be mailed 7-10 business days AFTER enrollment. 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.
NOTE: If you cannot use your debit card for parking costs, you can submit receipts for reimbursement. You must use your commuter debit card to pay for commuter costs. You CANNOT pay for commuting expenses out of pocket and submit them for reimbursement, per IRS regulations.
You can change your election to $0 if your travel situation changes. Remember, this can be changed on a month-by-month basis.