When most people think of commuter benefits, they think public transit. However, if you are one of the millions of people who drive to work every day and pay to park (or if you employ them), we have something to help you out too.
With commuter benefits you can save on your daily, weekly or monthly parking expenses for work. If you are parking in a garage or a lot and paying for it out of your pocket, it makes sense to see if your company offers commuter benefits to you and your colleagues.
The savings are significant. Commuters can save up to 40 percent in costs by setting aside pre-tax money in your paycheck. For example, if you pay $200 per month to park, you could save up to $80 through your commuter benefit program. When you add it up, it’s almost $1,000 per year in savings. Employers also benefit because they can save up to 7.65 percent in payroll taxes.
Plus, it’s even easier to get significant savings on your parking costs when enrolled in a commuter benefits program because we have partnered with SpotHero.
Simply download the SpotHero app, and see for yourself how hassle-free parking can be. SpotHero helps you find and reserve a parking spot that you can pay for with your pre-tax dollars when your company offers commuter benefits through Edenred Commuter Benefits Solutions.
There are thousands of garages, lots and valets located in 50+ cities across North America on the SpotHero platform. Some major cities on the app include New York, Chicago, San Francisco, Washington DC, Boston, and Philadelphia (click here for a full list of cities) .
You can download the SpotHero app and add your commuter benefits pre-paid debit card provided by Edenred Commuter Benefit Solutions by following these steps:
1 – Download the app from your app store.
2 – Go to Account → Payments and enter your commuter benefits card information.
3 – You’ll need to enter your work address
4 – Then you can search for a convenient parking spot near your office.
5 – Book in the SpotHero app to reserve your spot and start saving on your daily commute.
Do you want to learn more about commuter benefits? Check these articles:
Are you a HR professional? Download our free guide and learn how to start a commuter benefits program in you company.