Originally Posted by mstraus

if it is a pre-tax part of my pay but not additional payment, like other commuter benefits, then it means I am not taxed on $20 that I would have previously been taxed on. So if I don't participate I take home maybe $10-12 of that $20 after taxes are taken out, if I do participate I get the full $20, which is really only 8-10 more then if I didn't participate. This is very rough and could vary based on your tax rate, etc, but just disappointing that its a fairly small benefit. This is in comparison to parking or transit benefits that are much larger amounts pre-tax.

It would be more interesting if it was an extra $20, tax free, on top of your existing pay, or if the $ amount was larger.