HR, Payroll and Benefits News

Reminder: March 31 Deadline for Filing 2017 Flexible Spending Account Claims

Employees enrolled in the Health Care and/or Dependent Day Care Flexible Spending Account (FSA) for the 2017 plan year must submit eligible claims for the 2017 plan year to the Flexible Spending Account (FSA) Administrator (TASC) for reimbursement by Saturday, March 31, 2018. Eligible claims must be received by TASC or postmarked by March 31. Claims for 2017 must have been incurred January 1 through December 31, 2017 to be eligible to submit for reimbursement from your 2017 account.

You may submit a claim using any of the following methods:

Important: The IRS requires you to include appropriate supporting documentation when submitting a claim. Make sure that your documentation contains the required information before submitting your claim.

As a reminder, the IRS allows up to $500 of unused funds in a 2017 Health Care FSA to be carried over into a 2018 Health Care FSA account. Funds remaining above the $500 carryover after March 31 will be forfeited. The $500 that is carried over does not offset a 2018 election amount. If you did not sign up for a 2018 Health Care FSA during the Annual Benefits Enrollment period last fall, a 2018 account will be created for you if you have carryover. You will not receive a new TASC debit card. Note: There is no carryover provision for the Dependent Day Care FSA.

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

Source: UW System Human Resources