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Check your Summary Plan Description for the Benefit(s) available in your plan.
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Transit and parking expenses for travel to and from work that DO qualify for reimbursement |
- Transit Passes: A pass, token, fare card, voucher, or similar item entitling a person to transportation on mass transit facilities or provided by a person who transports people for compensation or hire in a vehicle which seats at least six adults, excluding the driver.
- Qualified Parking: Parking provided on or near the employer's business premises or at a location from which the employee commutes by carpool, commuter highway vehicle, etc.
- Commuter Highway Vehicle: Transportation provided by an employer to an employee, in a vehicle which seats at least six adults (excluding the driver), in connection with travel between the employee's home and work - provided that 80 percent of the vehicle's mileage is reasonably expected to be for transporting the employee from home to work or on trips where at least half of the adult seating capacity is filled by employees.
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Transit and parking expenses that DO NOT qualify: |
- Walking to work
- Bicycling
- Carpooling
- Rollerblading to work
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Limitations |
- Transit Passes: $230.00 per month for the calendar year 2010.
- Qualified Parking: $230.00 per month for the calendar year 2010.
- Commuter Highway Vehicle: $230.00 per month for the calendar year 2010.
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Limitation on qualified expense |
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Your plan may restrict the reimbursement of one or more of these items. Check with your plan administrator. The total amount of all qualified expenses paid may not exceed the maximum allowed under the plan. Please review your Summary Plan Description or see your plan administrator for more information.
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The take care® Visa® flex benefits card is issued by M&I Bank FSB pursuant to a license from Visa U.S.A. Inc.
TAKE CARE plans are not administered by M&I Bank FSB. |
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