Some pre-tax benefits, such as Commuter Transit or Parking benefits, are tied directly to your employment status. When you leave your current employer, you generally lose access to these benefits as well.
Run Out Period
Some companies have a post-termination run out period for pre-tax accounts like your Commuter benefits. During this period, you are able to submit expenses for reimbursement for any eligible expenses incurred during your time of employment. New expenses and new card transactions are not eligible.
This timeframe is chosen by your employer, not the IRS, and will typically last between 30 and 90 days. Once this time period passes, your account will officially close and any unused funds will expire.
Accessing Your Account During Run Out
If you anticipate making use of this run out period, we will need to add a personal email address to grant you temporary account access. If you'd like us to add your personal email to your account, or if you have any additional questions, please reach out to Benepass Support for assistance.