Health Care FSA - Human Resources at Ohio State

Health Care Flexible Spending Account

A Health Care Flexible Spending Account (FSA) allows you to set aside pre-tax money to pay for eligible health care expenses for you and your qualified dependents. Examples of eligible expenses may include health plan deductibles, copayments, and coinsurance; eye exams, contact lenses, and glasses; prescription drugs; dental care, including orthodontia; and over-the-counter (OTC) drugs and medications.

You do not have to enroll in an Ohio State medical plan to participate in an FSA through Ohio State.

You can contribute anywhere from $100 up to $2,700 annually to a Health Care FSA, and your entire annual election is eligible to be reimbursed prior to you having the full amount deducted from your pay.

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Health Care FSA Details

(subject to eligibility to participate in the FSA Program)

Plan Year: Jan. 1 – Dec. 31, 2020
Pre-tax payroll contributions made during the plan year.

Incurred Expense/Reimbursement  Window: Jan. 1, 2020 – Mar. 15, 2021
Incur eligible expenses to be reimbursed from the funds in your FSA(s). This date window includes the grace period.

Reimbursement Filing Deadline: Mar. 31, 2021
All requests for reimbursement must be received by TASC no later than March 31, 2021 or you will forfeit the unclaimed balance in your FSA(s).

FSA participation is voluntary and employees must enroll during open enrollment, within 30 days of employment in an eligible appointment, or within 30 days of a qualified status change, as described in “Limitations on Changes to an FSA Election” in the FSA Specific Plan Details.

Your TASC Card offers easy access to the funds in your Health Care Flexible Spending Account (FSA) and eliminates the need to file a claim for reimbursement. Simply use your card to pay for eligible health care services and, in most cases, this is all you need to do. However, you may be asked to verify certain expense with receipts later on, so be sure to save them.

To read about all of the features offered by your TASC Card view TACS Card Guide and TASC MyCash.

To obtain an additional TASC Card log on to Employee Self Service or OneSource and click “My FSA/HRA” under Benefits. Click “TASC Wallet” and follow prompts.

Examples of eligible expenses may include health plan deductibles, copayments, and coinsurance; eye exams, contact lenses, and glasses; prescription drugs; dental care, including orthodontia; and over-the-counter (OTC) drugs and medications. Review a comprehensive list of eligible and ineligible expenses

In a situation where an incurred health expense could be reimbursed from either the Health Care Flexible Spending Account (FSA) or the university’s Health Reimbursement Account (HRA), the Health Care FSA will pay first. All Health Care FSA funds must be exhausted before HRA funds will be used.

You have multiple options for filing a claim:

TASC Card

You can use your TASC Card to pay for eligible health care expenses and funds will automatically be deducted from your FSA without having to file a claim. In most cases, paying with your TASC Card is all you need to do, but you may later be asked for receipts to substantiate the expense, so be sure to save them.

Online

Filing a claim online: log on to Employee Self Service, click on the “My FSA/HRA” link under Benefits. Scan and upload appropriate receipts.

Paper Form

Fill out a Reimbursement Claim Form and fax or mail it to TASC with copies of the appropriate receipts.

Mobile

File a claim using the “TASC App”; use your phone to take a photo of the appropriate receipts.

With several options for reimbursement, it’s easy to access the funds in your Health Care FSA.

Your reimbursement will be placed on the TASC Card in a separate cash account known as MyCash. Access your MyCash funds three ways:

1. TASC Card

Swipe the TASC Card at any merchant that accepts Mastercard.

2. ATM

Withdraw cash at an ATM (request a PIN online first).

3. Direct Deposit

Once your request is approved, your reimbursement will be deposited into your bank account in less than 72 hours if funds are available. Setting up direct deposit is easy:

  • Log into Employee Self Service or OneSource, and click “My FSA/HRA” under the Benefits header.
  • Click “MyCash balance” and select “Schedule a balance transfer.”
  • Select when you want the transfer to happen.
  • Click “Add new account” and enter your bank information.
  • Set the transfer threshold (minimum $25) or transfer date and click “Submit.”

If you realize you used your card for an ineligible expense, call (855) FLEX-OSU (353-9678) as soon as you become aware of the mistake. Representatives will tell you how to reimburse your account for the ineligible item. If your TASC Card does not work or the full amount is not approved, it is most likely because all or some of your items are ineligible. If you are purchasing items that are not eligible, the store clerk will ask for another form of payment for those items.

Yes. Save all your itemized receipts. Some expenses require additional information in order to comply with IRS rules.

You may have both an Health Reimbursement Account (HRA) and a Health Care FSA to pay for qualified health care expenses with tax-free dollars. Health Care FSA funds will always be used first to reimburse eligible healthcare expenses because those funds are not eligible to be rolled over to the following year. However, they are separate accounts and it is important to understand the differences when using them. Ohio State’s administrator for both accounts is TASC.

Health Care FSA and HRA Comparison
Question/Topic Health Care FSA HRA
What is it? An account that can be used to pay for eligible health care expenses, as defined by the IRS. An account that can be used to pay for eligible health care expenses, as defined by the IRS.
Who can contribute? Only employees contribute to Health Care FSAs under Ohio State’s program. Only the employer can contribute to an HRA.
How do I get an account? You can sign up for a Health Care FSA during Open Enrollment. Once you complete Level 1 in the YP4H Incentive Program, an HRA will be funded with your first credit amount. Additional HRA funding is also available when you complete Levels 2-4 and when your enrolled spouse completes any of these incentive levels.
Do I need to be enrolled in an Ohio State medical plan to use this account? No Yes
Is there a limit on how much can be put in the account? Yes, the IRS limits how much you can put into an FSA each year. Your contributions can range from $100 to $2,700 per year in 2020. In 2020, you can earn up to $300 in HRA funding, and your enrolled spouse can earn an additional $300. 2020 HRA funding will be combined with any rollover funds you may have from the prior year.
Can I save unused contributions to use in future years? No. You must incur eligible expenses to be reimbursed from your 2020 FSA during the period of January 1, 2020, through March 15, 2021. Any remaining funds after that time period will be forfeited. Yes. Any unused HRA funds will roll over to the next year as long as you are a covered employee under the Ohio State medical plan at that time.
Can I be reimbursed for anything other than eligible health care expenses? No No
How do I get reimbursed for eligible health care expenses? You can use your TASC Card when you are paying for expenses at the point of service. Be sure to keep your receipts in case they are requested later to verify the claim. You may also submit reimbursement requests from your smart phone or computer, along with verification of the expense. You can use your TASC Card when you are paying for expenses at the point of service. Be sure to keep your receipts in case they are requested later to verify the claim. You may also submit reimbursement requests from your smart phone or computer, along with verification of the expense.
Can I choose the account from which I want to be reimbursed? No. Health Care FSA funds will always be used first to reimburse eligible health care expenses because those funds are not eligible to be rolled over to the following year. Once any Health Care FSA funds are exhausted, you may begin to access HRA funds. No. Available HRA funds can be used to reimburse eligible health care expenses only after any Health Care FSA funds have been exhausted. Unused funds at the end of the year are eligible to be rolled over as long as you are a covered employee under the Ohio State medical plan at that time.
What happens if I terminate my Ohio State medical coverage and I have funds remaining in my account? Funds in your Health Care FSA continue to be available for reimbursement of eligible health care expenses until the filing deadline if you remain employed in an eligible position with Ohio State. For information on the availability of FSA funds following a change in eligibility or employment termination see the FSA Specific Plan Details. Unused credits in your HRA will continue to be available until the filing deadline only for reimbursement of eligible health care expenses incurred prior to the date your Ohio State medical plan terminates. Unreimbursed credits in your HRA after your medical plan termination date will be forfeited unless you elect COBRA medical coverage.

This is intended to be an overview. Refer to the Plan Document for complete information. In the event the information on these pages differs from the Plan Document, the Plan Document will govern.