NEW YORK, Dec. 20, 2017 /PRNewswire-iReach/
NY commuter benefits administrator, Clarity Benefit Solutions, provides ways to reduce commuting costs and save money.
Maintain your car. Routine car maintenance, such as making sure all tires are properly inflated, will have a positive impact on gas mileage. Avoid left turns. They waste gas while you are waiting to turn across the traffic.
Rideshare with co-workers. Set up a car- or van-pool at your company. Not only will your employees drive less—they will also save money on gasoline, and reduce maintenance costs for their vehicles (less air filter and oil changes). And, some insurance companies offer carpoolers reduced auto insurance rates to those who ride share. This could also translate into time-savings for those who have a long commute on major highways, and can utilize the High Occupancy Vehicle (HOV) lane on the expressway.
Use public transportation. Car payments, rising gas prices, and parking can be costly. Public transportation can ease these financial strains by assuaging the need to purchase and operate another vehicle. Plus, employees can use this commuting time to do some work—and therefore be more productive.
Shift work start and end times. Consider allowing employees to change their working hours so they do not have to commute during peak travel times—it could cut their commute in half—and save money on gasoline. Or, a different benefit to offer employees, is the option to work four 10-hour days each week, which can also reduce their commuting costs by approximately 20 percent.
Consider offering employees a commuter benefits plan. These plans offer employers the opportunity to save significant money because they are exempt from federal income and payroll taxes. Employees can experience commuting cost savings of 40 percent since they do not have to pay income taxes on the funds they set aside to pay for commuting expenses. Businesses may allow up to: $255 per month for parking, $255 per month for commuting, and $20 per month for biking-related expenses. The more employees that take advantage of a commuter benefits program, the more savings a company will see.
About Clarity Benefit Solutions: Clarity Benefit Solutions provides technology that makes the health insurance plan selection process fast, easy, and straightforward. For over two decades, we have provided clients with industry-leading technology, compliance, and exceptional customer service. Our offering is designed to save time and lower the costs of managing benefits while also promoting employee self-service and automated ACA compliance.
Media Contact: Calvin Clark, Clarity Benefit Solutions, 732-428-8272, cclark@claritybenefitsolutions.com
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SOURCE Clarity Benefit Solutions
