Participating in the Flexible Spending Account (FSA) available through your Employer allows you the opportunity to set aside dollars from each pay check on a pre-tax basis to use for eligible expenses, reducing your taxable income. It allows you to potentially save up to 30% on your eligible healthcare and/or dependent care expenses every year by using pre-tax dollars vs. post-tax dollars to pay for those expenses.
We recommend prior to making an election, you consider and derive a conservative estimate of how much you spend on healthcare and/or dependent care expenses for you and your qualified dependents in one year. For example, you may want to consider your estimated cost for prescription drugs, medical and dental office visit co-pays and/or deductibles, as well as vision related needs including exams and prescription glasses/lenses.
Most FSA’s require you use the funds you contribute within the plan year or you lose them. Please review the plan documents for more details on the maximum contributions you can make toward the healthcare and/or dependent care Flexible Spending Account
Flexible Spending Accounts will be administered by Medcom beginning January 1, 2024. Please note that employees with rollover amounts will be unable to access rollover funds until May 1, 2024.
Please also note that you will be unable to rollover funds beginning January 1, 2025. You must use all of your funds by the end of the runout period for the 2024 plan year (March 31, 2025) or you will lose any remaining funds.
Important Links & Contact Information for Flexible Spending and Dependent Daycare Accounts provided by Medcom.
- Medcom Flexible Spending SPD
- FSA Store – Online store of all FSA eligible expenses to use up the last of those remaining funds.
- Medcom Direct Deposit Form
- Medcom Dependent Debit Card Request Form this form can be completed and emailed to nfpsecustomerservice@nfp.com to order a replacement debit card for your dependent.
- Medcom Claim Form
- Medcom Dependent Care Provider Statement
- Medcom Recurring Expense Form
- 2023 TASC Flexible Spending SPD
- 2023 TASC SPD Amendment
- Carrier Websites:
- Medcom Participant Portal
- MyTASC Online
- MyCash Manager: within myTASC
- MyTASC Mobile App: free download