5 Commuter Benefits Vendors Helping Employees Save Cash While Commuting
Commuter benefits help ease the cost of transportation for employees through pre-tax accounts and/or financial assistance. Here are 5 benefits vendors helping folks save money on their commutes.
Whether you drive a “Fast Car”, take the “Midnight Train to Georgia”, or ride the “Magic Bus”, every commute needs two things: a bangin’ playlist and the funds to get you from A to B.
But as gas prices continue ticking higher, that “Old Town Road” to the office can start to feel more like a “Highway to the Danger Zone.” Depending on where they live and where they’re going, the average person spends anywhere from $2000 to $5000 on transportation each year.
When it comes time to make that trek to the office, commuter benefits can help employees save cash on their ride. Employees using these benefits save 30% on average — adding up to as much as $450 annually.
By offering reimbursements, pre-tax accounts, company shuttles, or subsidized transit passes, these benefits can get your employees back “On the Road Again.”
Read on to learn more about five vendors offering commuter benefits.
Level creates full stack solutions for evolving employee benefit needs by making benefits better than cash. Level streamlines all touch points — from dental and vision to health and inclusive wellness programs to remote work — all on one payment card and mobile app.
HealthEquity is a leading administrator of Health Savings Accounts (HSAs) and other consumer-directed benefits—FSA, HRA, COBRA, and Commuter. Benefits advisors, health plans, and retirement providers partner with them to help over 13 million members work toward long-term health and financial wellbeing.
WeDriveU is the leader in transportation solutions, specializing in corporate, university, hospital and return to office/campus shuttles serving 9 million annual passengers.
Forma is a life benefits platform that enables modern companies to design and scale flexible, global benefits programs with options that fit employee’s lives, from health and wellbeing to lifestyle – and beyond.
WEX gives you precise financial and information management solutions to help your company strengthen its balance sheet and achieve unparalleled control and security. WEX lets you reach your full potential by stripping away complexity to simplify benefits, reimagine mobility, and easily pay and get paid by everyone.
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