MMC Benefits Handbook
Transit and Parking Commuter Cards
The Transit and Parking Commuter Cards deliver savings and convenience when you pay for eligible transit and parking expenses as part of your commute. You can elect Transit and/or Parking Commuter Cards via www.healthequity.com or by contacting customer service at +1 877 924 3967, 24/7 (excluding Federal holidays).
Your Transit and/or Parking Commuter Cards are only valid at providers that accept MasterCard credit or debit cards. Your card(s) are only valid for eligible transit and parking expenses under IRS rules. Please keep in mind that under the IRS rules for Commuter plans, the allowed spend is different on the Transit Card then it is on the Parking Card. For the Transit Card, the total cost of your purchase will be deducted from the available pre-tax dollars and then if needed and available from your post tax dollars. The Parking Card will only allow you to spend up to the pre-tax limit ($270 in 2021) in a calendar month regardless of the amount of pre-tax dollars on your Parking Card.
In the event that you leave the Company, there is a special rule for the Transit Commuter Card (TCC) that allows you to spend down the dollars on your TCC for 90 days before the TCC is turned off. Once the TCC is turned off, any pre-tax dollars will be forfeited. The Parking Commuter Card (PCC) is required to be turned off and any pre-tax dollars forfeited as of the day HealthEquity is notified of your departure from the Company.