Parking & Transit Accounts through Optum Financial allow eligible employees the opportunity to pay certain work-related parking and transit expenses with tax-free dollars.
Learn more
Questions?
Please contact Benefits Services by email at benefits@ohr.wisc.edu.
Eligibility
All employees, including rehired annuitants and student hourly employees, are eligible for this program, except:
- Student Assistant with one of the following titles: Fellows, Scholars, Trainees
- Employee-in-Training with one of the following titles: Grad Intern/Trainee, Post-Doc Fellow/Trainee
Account Types
There are 2 types of accounts offered to UW System employees.
- Parking AccountCovers work-related parking expenses such as parking ramps and/or park and rides. This account may not be used to pay for parking at a University lot with the exception of Flex pass expenses. If you pay for University parking through payroll deduction, your costs are deducted pre-tax and are not eligible for reimbursement with this account.
The contribution minimum is established by the Department of Employee Trust Funds (ETF) and approved by the Group Insurance Board (GIB). The contribution maximum is established by the IRS on an annual basis, reviewed by ETF, and approved by the GIB.
There is a $50 annual minimum contribution amount for the Parking Account.
The monthly contribution limit for a Parking Account for 2025 is $315. - Transit AccountCovers work-related commuting expenses such as public transit passes to and from work (bus, trains, subway) and commuter highway vehicles (vanpools).
The contribution minimum is established by the Department of Employee Trust Funds (ETF) and approved by the Group Insurance Board (GIB). The contribution maximum is established by the IRS on an annual basis, reviewed by ETF, and approved by the GIB.
There is a $50 annual minimum contribution amount for the Transit Account.
The monthly contribution limit for a Transit Account for 2025 is $315.
Carryover Amounts
The Parking and Transit Accounts have unlimited carryover, so there is minimal “use-it-or-lose-it” risk.
Depending on your account balance on March 31 of the following plan year, the carryover provision may allow you to carry over your remaining balance as long as you remain an active employee on December 31.
Reminder:Â To be eligible for carryover from 2024 to 2025, you must have a minimum balance of $50 in your account at the end of the run-out period (March 31, 2025) OR must have re-enrolled during the Annual Benefits Enrollment period.
If eligible, carryover will appear in your Parking and/or Transit Account around April 15.
Enrollment
You can enroll in or change your Parking or Transit election at any time. Your election will begin on the first of the month on or following your enrollment. When you enroll in a Parking or Transit Account, you designate an annual election amount which is then divided into equal amounts per paycheck.
You must re-enroll each year to participate.
Enrollment can be completed one of two ways:
Online:
- Log into the Employee Self Service Forms page.
- You may need to click the link a second time after logging in.
- Click the Add a New Value tab.
- The form will open with Name, Empl ID, and Department ID information filled in.
- NOTE: Do not change information in these fields, any changed fields will revert back when saved.
- Enter information in the remaining fields:
- Phone Number
- Email Address
- Enter the Plan Year that the request is for.
- NOTE: Plan year runs 1/1/XX to 12/31/XX, specify current or future year.
- Select the Parking and/or Transit Account Action drop down to start, change or stop the request.
- Enter the Parking and/or Transit Contribution Amount.
- Review the Enrollment Terms and Conditions.
- Place a check in the I acknowledge check box.
- Click the Save button at the bottom of the page.
- Scroll to the top of the page and click the Submit button.
- Click OK.
- NOTE: The request will be submitted for review and approval.
- An email will be sent once the request has been approved or denied.
- NOTE: If a request is denied, click the link in the email to access the form, make any changes and resubmit the form
Fillable PDF or Paper:
- Complete the Flexible Spending Account Application form.
- Submit it to your HR Contact. The form is a fillable document that can be completed and submitted via email or printed and delivered in person or mailed.
Claims Submission
If you enroll in a Parking Account you will receive a Payment Card. When used, payment will automatically be deducted from your Parking Account. Commuter expenses cannot be paid with the the Payment Card.
For both the Parking & Transit Accounts you may pay expenses out-of-pocket and then submit claims manually. To comply with IRS requirements, documentation is required to substantiate expenses to show they are eligible for reimbursement.
If you pay for your expenses out-of-pocket, there are several methods by which you may submit your claims manually for reimbursement.
Electronic Claims Submission
- Mobile App: Allows you to access your account information wherever you are, 24/7/365. To download, visit the Apple App Store or Android Marketplace and search for “Optum Financial Mobile App.”
- Optum Website: Follow the instructions on the main page to file your claim.
Paper Claims Submission
- Complete the Parking & Transit Account Reimbursement Claim Form (available in the Forms & Resources section below) and submit it with the appropriate documentation to:
- Mail: Claims Department, PO Box 622317, Orlando, FL 32862-2317
- Fax: (443) 681-4602