Reminder: Substantiate 2018 Flexible Spending Account Claims Timely
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 are currently participating in an FSA, 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.
The FSA administrator, TASC, is able to auto-substantiate some (but not all) claims paid using the TASC debit card. 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 result in 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.
Source: UW System Human Resources