Flexible Spending Account (FSA) Grace Period for Medical and Dependent Care Expense Claims
February 20, 2015
FSA participants may incur medical and/or dependent care expenses through March 15, 2015 and can be reimbursed from 2014 contributions. Services received and reimbursable items purchased in 2014 and during the grace period between January 1 and March 15, 2015, may be reimbursed from remaining 2014 FSA plan year funds.
If you participated in the FSA program in 2014 you should have received an e-mail from TASC on 2/17/15 with updated information regarding the transition from WageWorks to TASC, what to expect and steps needed for employees to access remaining 2014 funds. This e-mail may have been delivered to your Junk folder. If you do not have a copy, please contact your Benefits Office for one.
We understand that employees may be waiting for their TASC debit cards before incurring an expense. It’s possible you won’t receive your debit card in time to charge 2014 expenses to it. You risk losing your 2014 funds if you decide to wait for the debit card. Although inconvenient, it is much safer to incur expenses, pay out of pocket, and then submit a claim for reimbursement.
IMPORTANT NOTE: The TASC e-mail from 2/17/15 indicates that expenses/claims paid during the grace period will be pulled from your 2014 balance first. This assumes that you did NOT incur any expenses against your 2015 TASC card or submit any claims to TASC prior to completion of the transition. If you used your debit card or submitted claims for expenses incurred during the transition period and were reimbursed from 2015 funds, you need to request TASC to apply these expenses to the 2014 funds after the transition period is over. To do so, contact TASC’s Customer Care line: 1-800-422-4661.
The deadline for submitting 2014 medical and dependent care claims to TASC is April 15, 2015*.
All claims must be received by TASC by April 15, 2015 to be reimbursed from 2014 funds. If you do not submit your claims by the deadline, any money remaining in your account for 2014 will be forfeited.
You can submit claims by any of the following methods:
*Claims cannot be submitted to TASC for 2014 plan year funds until the transition from WageWorks to TASC is complete. At this time it is expected to be complete by the 1st week of March. You will be receiving an email from TASC when the transition is complete.
As new information becomes available, it will be posted here. Check for updates.
If you have any questions, contact your Benefits Office.
Source: UW System Administration
Categories: Employee Reimbursement Account