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Flexible Spending Accounts

Arkansas State University offers flexible spending accounts to benefits eligible employees.  The plan is administered through TASC.  You may check your account and submit expenses online at https://www.tasconline.com

Once enrolled you will receive a TASC card.  You may use your TASC card to pay eligible expenses at IRS approved vendors.  You may use your TASC card anywhere that accepts credit cards for reimbursement balances that have been credited to your card.  Active employees have until 75 days after the end of the plan year to incur expenses (March 15, 2018) and until March 31 to submit.  Employees who retire or terminate during the year do not have a grace period.  Their last day of work is the last day they can incur expenses, and they have 60 days to submit expenses.

Qualified Expenses

Flexible spending accounts give you the opportunity to tax-shelter income that you can use to pay for qualified health care or childcare expenses.  The money you tax shelter is not included in your federal, state or FICA wages.

  • Health Care: Tax shelter between $240 and $2,650 per employee for eligible out-of‐pocket health care expenses.
  • Dependent Day Care: Tax shelter between $240 and $5,000 per household of annual childcare (daycare) costs.

Enrollment

You may enroll within your first 31 days of employment for the current calendar year.  Current employees who wish to participate must enroll during the open enrollment period each fall for the next calendar year.  Any funds not claimed during the grace period are forfeited. 

Updated 11/16/2017

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