Flexible Spending Account
Effective October 1, 2010, the Flexible Spending Account (FSA) programs are being administered by Total Administrative Services Corporation (TASC).
FSA's are IRS-approved reimbursement accounts that save you a year's worth of tax money for eligible medical and dependent care expenses. You may establish one or both accounts according to the annual expenses you incur.
Advantages of a Flexible Spending Account
FSA's increase your take-home pay by reducing your taxable income.
Dependent Care Qualifications
Eligibility for the dependent care benefit requires that certain criteria be met with respect to the expense, the provider, etc. Review the attached document for more information.
TASC Mobile offers a free mobile app and text messaging capabilities to FSA participants, allowing access to account information from anywhere and at any time from a mobile device. Participants can securely check balances, view transaction details, access plan information, request a reimbursement and submit substantiation... all while on the go!
Participant Reference Guide
This manual will walk you through the initial login process for the Participant website, how to request a reimbursement, as well as how to use several other Participant web tools.
Reimbursement Request forms, along with appropriate supporting documentation if necessary, can be mailed to the address on the form or faxed to (608) 663-2762.
New OTC Regulations (effective January 1, 2011)
Due to healthcare reform, a prescription or a Letter of Medical Necessity, signed by your medical practitioner, is required when purchasing OTC medicines and drugs after December 31, 2010; otherwise these expenditures cannot be reimbursed from your Medical (Out-of-Pocket) FSA.
- ALL enrollees will receive a Medical FSA debit card.
- No debit card annual fee.
- No debit card transaction fee.
- Debit card can be used to purchase qualified over-the-counter drugs (pain relievers, cold medicine, etc).*
Note* Due to health care reform, the rules for purchasing OTC drugs with FSA dollars will change effective January 1, 2011. More information will be posted as it becomes available.