Estimate your total out-of-pockets expenses for the Plan Year to determine your contributions. Use our savings calculator for help: www.tasconline.com/tasc-flexsystem-calculator/

Plan ahead: take a minute before enrollment to look over your medical expenses for the past year.

• Did you use all of your funds before the end of the Plan Year?
• Did you need “more” in your account, but were worried you wouldn’t use it? If you answered “yes” to either of these questions, consider putting more tax-free funds in your Healthcare FSA.

If you answered “yes” to either of these questions, consider putting more tax-free funds in your Healthcare FSA.

Annual FSA contributions are set by your employer, but are limited to the IRS maximums per Plan Year. The current IRS limit is $2700

Your total annual election for Healthcare FSA is available for reimbursement at the start of the Plan Year. Eligible healthcare expenses will be reimbursed up to your total Plan Year election, less prior reimbursements.

These expenses include dental care, prescriptions, eyeglasses, and out-of-pocket medical expenses not covered by insurance. However, vitamins and other dietary supplements taken for general health purposes are not eligible. Purchases of over-the-counter (OTC) medicines and drugs (with the exception of insulin) are only reimbursable if accompanied by a prescription or Prescription Order Form from your medical practitioner. Below are some examples of eligible OTC health related expenses:

• Examples of OTC items that require a prescription or Prescription Order Form: Acid Controllers, Allergy and Sinus, Antibiotic Products, Cough, Cold and Flu, Digestive Aids, Pain Relief, Respiratory Treatments, Sedatives, and Stomach Remedies.
• Examples of OTC items that are eligible and need no physician authorization: Bandages, Blood Pressure Kits, Contact Lenses, Contact Lens Solution, Diabetes Testing Supplies, Durable Medical Equipment, Hearing Aid Batteries, Heating Pads, Insulin, Nebulizers, Thermometers, and Walkers and Wheelchairs.

Review the list of Eligible Expenses for each FlexSystem benefit (visit the participant resources page at: www.tasconline.com/eligible-expenses/

No, leftover FSA funds do not rollover. This is commonly known as the “use it or lose it” rule. It is important to be conservative in making elections because any unused funds left in your FSA at the close of the Plan Year are forfeited and not refundable to you. You are urged to take precautionary steps, such as tracking account balances on the FlexSystem website to avoid having funds remaining in your account at year-end. FlexSystem provides tools to make it easy for you to monitor/check your account balances in order to avoid having a leftover balance at the end of a Plan Year:

• MyTASC Web Portal
• MyTASC Mobile App and Text Message
• FlexSystem Interactive Voice Response (IVR) Phone System (608-241-1900 or 800-422-4661)

A Grace Period is the period of time added to the end of your Plan Year in which you may incur and submit eligible expenses against the just-ended Plan Year. Because you have more time to use your funds, the risk of forfeiting unused funds at the Plan year-end is reduced.

While the maximum Grace Period is two months and 15 days, your employer may have chosen a shorter Grace Period. Please refer to your Summary Plan Description for details or log in to your MyTASC account (www.tasconline.com) and click “View Account Overview” to view your Grace Period end date.

Active FSA Participants can spend their available funds through March 15 of the following year and may submit request for reimbursement until April 15 of the following year.

The laws governing FSA plans generally do not allow changes to benefit elections during a Plan Year. Your elections are irrevocable and any balance remaining in your account at the close of the Plan Year is forfeited (refer to your Plan- specific details if a Grace Period or Carryover is included).

You may only change your FSA elections during the Plan Year if you experience a change of status such as:

• a marriage or divorce
• birth or adoption of a child, or
• a change in employment status

Please refer to the Change of Election Form (available from your employer) for a complete list of circumstances acceptable for changing elections mid-year. A request to change your election must be submitted in writing within 30 days of any applicable qualifying event.