Open Enrollment – Flexible Spending Accounts (FSA) - Human Resources at Ohio State

2021 Open Enrollment

November 1-15, 2020

Flexible Spending Accounts

Flexible Spending Accounts (FSAs) are available to set aside pre-tax dollars that can be used to reimburse eligible health or dependent care expenses.

When enrolling, you determine how much money you want to contribute to each account for the plan year. The funds are then withheld from each pay and reduce your taxable income. As you incur eligible health care expenses, you can use your TASC Card to pay for them, where applicable, or you can submit claims and be reimbursed from either your health care or dependent care account, based on the type of expense you submit.

FSA Information

The TASC Card offers easy access to the funds in your Health Care FSA and eliminates the need to file a claim for reimbursement. You may also use your TASC Card to access reimbursement funds that may be added to your MyCash account. To read more about the features of the TASC Card view the TASC Card Guide.

Your TASC Card remains active for four years. You will not receive a new TASC Card unless you newly enroll in a 2021 FSA. Retain your card each year if you continue re-enrolling in an FSA or have HRA credits.

If you want to participate in a Health Care FSA in 2021, you must enroll during Open Enrollment.

With a Health Care FSA, you set aside pre-tax dollars from your pay to be used for eligible health care expenses that you, your spouse or your eligible dependents incur. Your contributions can range from $100 to $2,750 per year, and the funds that you contribute do not roll over from year to year.

You can use both a Health Care FSA and a Health Reimbursement Account (HRA), but they are different accounts. It is important to understand the differences and the rules for utilizing both accounts. A comparison chart is available on the Health Care FSA page.

You must incur eligible health care expenses between January 1, 2021 and March 15, 2022, to be reimbursed from amounts you contribute to your Health Care FSA in 2021. You will forfeit any funds that are not reimbursed from your FSA by March 31, 2022.

If you want to participate in a Dependent Care FSA in 2021, you must enroll during Open Enrollment.

A Dependent Care FSA allows you to set aside pre-tax dollars from your pay that can be used to reimburse expenses that you incur for the care of eligible dependents to enable you and your spouse to be gainfully employed. Your contributions can range from $250 to $5,000 per year per household.

Eligible dependent care expenses must be incurred for the care of a dependent who lives with you and may include childcare for children under age 13 or adult day care for parents (does not include long-term care expenses).

A Dependent Care FSA cannot be used for your dependents’ health care expenses. Enroll in a Health Care FSA instead for these types of expenses.

You must incur eligible expenses between January 1, 2021 and March 15, 2022 to be reimbursed from amounts you contribute to your Dependent Care FSA in 2021. You will forfeit any funds that are not reimbursed from your FSA by March 31, 2022.

Open Enrollment Information