Reminder: Substantiate 2018 Flexible Spending Account Claims Timely
September 10, 2018
Employees currently enrolled in a Health Care or Limited Purpose Flexible Spending Account (FSA) for the 2018 plan year are reminded to provide documentation as required for FSA claims.
If you participated in a FSA for the 2018 plan year, review your account at https://partners.tasconline.com/ETFEmployee to see if you have any claims that require documentation (referred to as unsubstantiated claims).
Under Internal Revenue Service (IRS) regulations, FSAs are a pre-tax benefit, and all payments from a Health Care or Limited Purpose FSA may require third party documentation (substantiation) unless the claim is automatically substantiated. If requested by TASC, you are REQUIRED to provide documentation to substantiate claims paid with the TASC debit card. This ensures the debit card was used for IRS approved items/services within the allowed time-frame.
Failure to provide documentation to TASC when requested may require repayment by the employee for any unsubstantiated payments. Repayment is done by deducting money from the employee's paycheck on an after-tax basis until repayment is complete. Claims should be substantiated timely to avoid repayment.
The repayment process for 2018 unsubstantiated claims has begun. Affected employees will see deductions beginning with the January 31 paycheck (biweekly paid employees) and the February 1 paycheck (monthly paid employees), continuing through the end of March 2019. Additional information regarding this process may be found here.
Substantiation information can be found in the ERA Participant Guide. If you have questions, contact TASC at 1customercare@tasconline.com or 1-844-786-3974.
Source: UW System Human Resources
Categories: Employee Reimbursement Account