TASC - Total Administrative Services Corporation

Phone Number: 608.241.1900

Member Website

 

 

 

You can save money on your healthcare and/or dependent day care expenses with an FSA. You set aside funds each pay period on a pretax basis and use them tax-free for qualified expenses. You pay no federal income or Social Security taxes on your contributions to an FSA. (That’s where the savings comes in.) Your FSA contributions are deducted from your paycheck before taxes are withheld, so you save on income taxes and have more disposable income.

For 2023: 

Healthcare Spending Limit                     $3,050

Dependent Care Spending Limit            $5,000

Health Care FSA

• Full annual election amount is available day 1 of your plan year!
• Only permitted to change election amount if you have a change in status (i.e., marriage, birth of a child).

Use or Lose Rule - unused funds do not rollover!  There is a 2.5 month grace period at the end of the plan year during which you can incur claims.  

 

Dependent Care FSA

• Pay-as-you-go” account
• Can change election only if you have a change in status or change in dependent care expenses.
• Use or Lose Rule - unused funds do not rollover! There is a 2.5 month grace period at the end of the plan year during which you can incur claims.
• $5,000 household annual maximum contribution per year; $2,500 if married and filing a separate return.

PLEASE NOTE: There is a 90 day run-out period at the end of the plan year (or grace period for DC FSA) that allows you to request reimbursement for claims incurred during the plan year or grace period.

 

FSA Calculator 

Health FSA Eligible Expenses

Dependent Care Eligible Expenses 

FSA Store 

Note: FSA is a January renewal and NOT in open enrollment.