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Hello, It’s that time of the year - your annual opportunity to review and choose the best benefit options for you and your family. As part of our company benefits package, we are excited to offer you the opportunity to enroll in a commuter reimbursement account (CRA). CRA OverviewIf you commute to work, a CRA can help you save on daily transportation and parking expenses. Every dollar you contribute to a CRA lowers your taxable income. For example, if you earn $40,000 a year and contributes $270 per month to a CRA, your taxable income is lowered to $36,760. You can spend your CRA funds on qualifying expenses such as: Train, subway, and bus passesFerryVanpooluberPOOL and Lyft Line ridesParking, including reservations with SpotHeroWhy you’ll love itSave up to 30% on work-related commuting and parking costs Reduces your taxable income, saving you hundreds of dollars in tax savings each yearHow much you can contribute $270 per month for transit expenses $270 per month for parking expenses To learn more about the benefits of a CRA, visit myameriflex/participants. Be on the lookout for more information and enrollment instructions during our annual open enrollment meeting. ................
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