HR, Payroll and Benefits News

Reminders for Health Care Flexible Spending Account Participants
September 23, 2019

The Health Care Flexible Spending Account (FSA) and Limited Purpose Health Care FSA allow participants to pay certain out-of-pocket expenses with tax-free dollars. Since these are spending accounts, the money must be spent on eligible expenses. This article is a reminder for participants to use their FSA money and to substantiate claims timely.

Eligible Expenses
Health Care FSA eligible expenses include:

Limited Purpose Health Care FSA eligible expenses include:

How to Pay for Eligible Expenses
Once eligible expenses have been incurred, determine how to pay for them. In most situations, the Health Care FSA debit card (from the Health Care FSA administrator, TASC) will work at the point of sale or service. However, there are other options to submit FSA claims manually or to substantiate a claim after the debit card has been used:

Provide Information Timely to Substantiate Claims
For efficient processing, remember to include appropriate IRS required supporting documentation with claim(s) submission. TASC will contact participants directly when additional information is needed to substantiate claim(s).

Review your account at https://partners.tasconline.com/ETFEmployee to see if you have claims that require documentation.

Failure to provide documentation to the Health Care FSA administrator (TASC) when requested may require repayment by the employee. Repayment is done by deducting money from the employee's paycheck on an after-tax basis. Claims should be substantiated timely to avoid repayment.

Carry Over Reminder
Up to $500 of unused funds in a Health Care or Limited Purpose FSA will carry over into the following year (even if you do not enroll in the FSA for the following year). Unused funds greater than $500 on March 31 will be forfeited.

FSA Administrator Change
Effective January 1, 2020, the FSA administrator will change from TASC to ConnectYourCare (CYC). Claims incurred January 1 – December 31, 2019 should be submitted to TASC by December 31, 2019. Claims incurred January 1, 2020 and after should be submitted to ConnectYourCare.

For more information on this change see the Flexible Spending Account – 2020 Vendor Change.

For additional resourcesresources: UW System Employee Benefits website.

For questions, contact TASC at (844) 786-3947 or 1customercare@tasconline.com.

Source: UW System Human Resources
Categories: Employee Reimbursement Account