Flexible Spending Accounts

A Flexible Spending Account allows you to reduce your take-home pay by an amount determined by you each Open Enrollment. The FSA will shelter these earnings from taxes in order to allow you to pay for approved medical, transit and/or dependent care expenses tax-free.

Deadline Reminder: The services or expenses that you are claiming for a flex account must occur between April 1 - March 31. Employees have until June 30th to submit claims for the prior plan year.

Contact Information
Phone: 800-422-4661
Group #: 4907-2738-1332
Website: https://www1.tasconline.com/loginproxy/mytasc/index.php
Claims address:
TASC, ATTN: Claims, 2302 International Lane. Madison, WI 53704-3140

A Health Care Spending Account is a pre-tax benefit account used to pay for eligible healthcare, dental, and vision care expenses that aren't covered by your insurance plan or elsewhere. You may reduce your earnings up to $2,600* to pay for expenses. *Plan limits are established by the IRS annually.

The services or expenses that you are claiming for a flex account must occur between April 1 - March 31. Employees have until June 30th to submit claims for the prior plan year.

You may roll over up to $500 of your unclaimed funds in a Flexible Spending Account for healthcare into a new account for the next benefit year. (Any amount over $500 will still be subject to the "use it or lose it" rule.)

Example: Meredith set aside $2,600 in a flexible spending account to cover healthcare expenses for herself and her two daughters during the calendar year. For a variety of reasons, her healthcare expenses are much lower than she anticipated and by March 31 she has only $2,000 worth of eligible expenses. In this scenario, Meredith will be able to roll over $500 into a new FSA to reimburse healthcare expenses incurred in the next benefit year and she will forfeit $100.

Contact Information
Phone: 800-422-4661
Group #: 4907-2738-1332
Website: https://www1.tasconline.com/loginproxy/mytasc/index.php
Claims address:
TASC, ATTN: Claims, 2302 International Lane. Madison, WI 53704-3140

The University recognizes that not every employee is in need of coverage under the University-sponsored health plan. Eligible employees that do not need coverage and provide evidence of their other coverage will automatically receive a $100 per month, $1,200 per year, University-provided contribution into employer funded Health Care Spending Account in lieu of being covered on the University health plan. As with other medical flexible spending monies, these funds can be used to pay for eligible healthcare, dental, and vision care expenses that aren't covered by your insurance plan or elsewhere.

The services or expenses that you are claiming for a flex account must occur between April 1 - March 31. Employees have until June 30th to submit claims for the prior plan year.

Funds in employer funded Health Care Spending Account cannot be rolled over. For this reason, it is important to incur expenses before the end of the plan year, March 31st, and submit claims prior to the end of the grace period, June 30th.

Contact Information
Phone: 800-422-4661
Group #: 4907-2738-1332
Website: https://www1.tasconline.com/loginproxy/mytasc/index.php
Claims address:
TASC, ATTN: Claims, 2302 International Lane. Madison, WI 53704-3140

Dependent Care Spending Account lets you use pretax dollars to pay for eligible expenses related to care for your child, disabled spouse, elderly parent, or other dependent who is physically or mentally incapable of self-care, so you can work. You may reduce your earnings up to $5,000* to pay for dependent care expenses. *Plan limits are established by the IRS annually.

The services or expenses that you are claiming for a flex account must occur between April 1 - March 31. Employees have until June 30th to submit claims for the prior plan year.

Funds in dependent care account cannot be rolled over. For this reason, it is important to remember that when you enroll, you enroll for the entire plan year, so please plan accordingly.

Contact Information
Phone: 800-422-4661
Group #: 4907-2738-1332
Website: https://www1.tasconline.com/loginproxy/mytasc/index.php
Claims address:
TASC, ATTN: Claims, 2302 International Lane. Madison, WI 53704-3140

Mass Transit Accounts are used to pay for eligible mass transit or vanpool expenses associated with travel to and from work, including bus or train. You may reduce your earnings up to $255* per month for mass transit expenses. *Plan limits are established by the IRS annually.

The services or expenses that you are claiming for a flex account must occur between April 1 - March 31. Employees have until June 30th to submit claims for the prior plan year.

Funds in mass transit account cannot be rolled over. For this reason, it is important to remember that when you enroll, you enroll for the entire plan year, so please plan accordingly.