Employers that extend these benefits to their workforce can save up to 7.65% on their payroll taxes, and any employee that taps into the pre-tax perks can potentially save over $1,000 each year.
HUNT VALLEY, Md. (PRWEB) October 23, 2019
ConnectYourCare, a national leader in consumer-directed health care account solutions, this week launched the expansion of its award-winning “Academy” series to include Commuter Academy—an online resource that educates employers and employees on the advantages of commuter and parking benefits programs.
Commuter Academy includes insightful and interactive materials, such as an infographic overview of commuter benefits legislation, a tax-savings benefit calculator, a list of eligible and ineligible expenses, as well as common questions and answers around commuter/parking benefits.
“Tax-advantaged transportation benefits are becoming increasingly more common as cities and states across the country pass legislation requiring employers of a certain size to offer them to their employees,” said ConnectYourCare Chief Executive Officer, Steve Grieco. “And that’s where Commuter Academy comes into play to create awareness. Employers that extend these benefits to their workforce can save up to 7.65% on their payroll taxes, and any employee that taps into the pre-tax perks can potentially save over $1,000 each year.”
Complementing the new Commuter Academy addition, ConnectYourCare previously launched comprehensive HSA Academy and FSA Academy learning hubs to educate employers and employees on the tax-friendly, cost-saving advantages of health savings accounts (HSAs) and flexible spending accounts (FSAs), respectively. These academies offer easy-to-understand video vignettes, myth-busting facts, and free downloads to encourage education and adoption of these tax-advantaged accounts. In Spring of 2019, ConnectYourCare’s HSA Academy won a first place Gold Award as part of the 21st annual Digital Health Awards—a competition that recognizes the world’s best digital health resources.
Benefits brokers, employers, and employees interested in learning more about tax-advantaged benefit programs and/or sharing related educational resources can access the “Academy” series at: http://www.connectyourcare.com/resources/connectyourcare-academy-series.
ConnectYourCare additionally hosted a recent webinar, highlighting Washington, DC-based American University’s success in recruiting and retaining valuable employees through their commuter benefits program. To view the webinar on demand, visit:
As a consumer-directed health care pioneer and nationally recognized industry leader, ConnectYourCare delivers a comprehensive solution supporting health care savings accounts and expanded tax-advantaged offerings. Through continuous evolution, highly rated service, and domain expertise across the benefits, banking, and payments spectrum, we are revolutionizing the connection between health and wealth. ConnectYourCare creates greater participant value through intuitive account management; greater employer value and savings through dynamic, outcome-based workflows and tools; and greater partnership value through deep engagements to meet goals—all with proprietary, cloud-based technology and a modern, intelligent platform as its foundation.
Trusted by leading organizations, spanning all industries and sizes, we are making it easier for people to manage care, so they can enjoy life. For more information, visit http://www.ConnectYourCare.com.