Page 26 - Demo

Flexible Spending Accounts (FSA)
Valuable Pre-Tax Benefits with Convenient Tools. How it Works.
Contributions
For plan year 2018, the maximum FSA contribution shall be $2,600.
Eligible and Ineligible Expenses for FSA
Use our online tax-savings calculator to help determine how much you should contribute to each FlexSystem account per year.
Important Considerations
FSA funds have a limited Rollover: 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 generally not refundable to you. The only exception to this rule is for the Healthcare FSA where funds, up to $500, will carryover to the next plan year Healthcare FSA*. Therefore, you are urged to monitor your account balances via the FlexSystem website or Interactive Voice Response System, to avoid having funds remaining in your account at year-end.
For both the Health Flexible Spending Account and the Dependent Care Flexible Spending Account, you must submit claims no later than 90 days after the end of the Plan Year.
*Up to $500 will be automatically carried over in April. However, you may contact TASC to request an earlier carryover.
How to Access Your FSA Funds
FlexSystem FSA is offered through your employer and is administered by TASC. When you choose to enroll in a FlexSystem Healthcare and/ or Dependent Care FSA, you determine the dollar amount you want to contribute to each account based on your estimated expenses for the upcoming Plan Year. Your contributions will be deducted in equal amounts from each paycheck, pre-tax, throughout the
Plan Year.
The more you contribute to these accounts, the more you reduce your taxable gross salary. And with less taxes taken, your take-home pay increases.
Your total annual Healthcare FSA contribution amount is available immediately at the start of the Plan Year. Dependent Care FSA funds are available up to the current account balance only.
Login Instructions
1. From the home page of this website, click MyTASC Secure Account Login.
2. Enter your 12-digit TASC ID as your username and password. This information was mailed to the address you have on file.
NOTE: Enter your username and password carefully. After five failed login attempts, users will be locked out of the system and
must call Customer Care at 1-800-422-4661, Monday-Friday, 8am-5pm.
Customer Service
26 |BPS Employee Benefits Guide
ADDITIONAL BENEFITS