Group #: 4907-2738-1332
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 $2,650* 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 $2,650 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 $150.