Commuter FSA
All Inovalon associates have the availability of a Commuter Flexible Spending Account (FSA). Transit and parking benefits allow you to pay for your work-related monthly commuting expenses, such as public transit, vanpooling, and parking fees, using pre-tax dollars.
The IRS sets the monthly maximum that may be deducted before taxes (pre-tax). For 2024, the IRS monthly maximum for both transit and parking is $315 for each.
Please see this FAQ for additional details.
You may enroll, change, or stop your parking or transit contributions at anytime throughout the year by logging into the Inovalon’s Benefits Information and Enrollment website:
- Click here to get started
- Enter your Username (your username is your work email)
- Enter your Password
- Once logged in, select Parking/Transit Changes and follow the prompts on the screen
If you have issues logging in, contact the Benefits Help Desk at 888-896-8031.
Metropass
Metropass is a discount transit pass available to associates in the Minneapolis office.
The Metropass costs $83 per month and allows you unlimited bus and light rail rides while enrolled. The cost is taken out of your check on a pre-tax basis, $41.50 per pay period. Please note, there is no need to submit this expense through the Commuter FSA as it is already taken out of your check as a pre-tax benefit. Participation in the Metropass Program does, however, offset the monthly transportation max allowable under the Commuter FSA.
Get route and schedule information at metrotransit.org or call 612-373-3333.