{"id":7658,"date":"2017-07-14T10:20:03","date_gmt":"2017-07-14T15:20:03","guid":{"rendered":"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/?page_id=7658"},"modified":"2025-12-16T15:33:19","modified_gmt":"2025-12-16T21:33:19","slug":"spending-savings-accts","status":"publish","type":"page","link":"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/spending-savings-accts\/","title":{"rendered":"Spending &amp; Savings Accounts"},"content":{"rendered":"<div id=\"toc\" class=\"uwsa-toc callout hidden-print\"><\/div><style>@media (min-width: 768px) {#toc { max-width: 40%} <\/style><script>jQuery(document).ready(function() {\n \t\t\t\t\tgenerateTOC(\"Spending &amp; Savings Accounts\", \"\", \"div.cfct-content-placeholder\" ,1 ,\"true\", \"toc\");\n \t\t\t\t\t });<\/script>\n<h2>Overview<\/h2>\n<p>Universities of Wisconsin employees may contribute to Flexible Spending Accounts (FSA) and\/or a Health Savings Account (HSA).<\/p>\n<p>With a FSA, plan to <strong>spend<\/strong> the money set aside. With an HSA, you may spend <strong>or save<\/strong> the money. Another key difference is the FSA contains a \u201cuse it or lose it\u201d rule, which does not apply to the HSA. For other key differences, review the Comparison &#8211; HSA vs FSA (available in the Forms &amp; Resources section below).<\/p>\n<p>If you do not enroll in an FSA or HSA during your initial 30-day enrollment period, you may enroll in the fall for the upcoming calendar year or if you have a qualifying life event (see Life Events in the left hand menu for more information).<\/p>\n<p><em><strong>NOTE:<\/strong> The administrator for the Flexible Spending Accounts will change from Optum to TASC starting January 1, 2026. For additional information and key dates regarding this change, review the <a href=\"https:\/\/wisconsin.edu\/ohrwd\/benefits\/fsahsavendorchange\/\" target=\"_blank\" rel=\"noopener\">FSA &amp; HSA Vendor Change web page<\/a>.<\/em><\/p>\n<h2>Plans<\/h2>\n<p><span style=\"float: none;background-color: transparent;color: #333333;font-family: 'Open Sans','Helvetica Neue',Helvetica,Arial,sans-serif;font-size: 14px;font-style: normal;font-variant: normal;font-weight: 400;letter-spacing: normal;text-align: left;text-decoration: none;text-indent: 0px;text-transform: none\">Not sure if any of these accounts make sense for you? <\/span>Click the links below to read more about each account.<\/p>\n<ul>\n<li><a href=\"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/spending-savings-accts\/fsa\/\">Flexible Spending Accounts (FSA)<\/a> &#8211; includes Health Care FSA, Limited Purpose FSA, and Dependent Day Care<\/li>\n<li><a href=\"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/spending-savings-accts\/hsa\/\">Health Savings Accounts (HSA)<\/a><\/li>\n<li><span style=\"font-size: 10.5pt;font-family: 'Open Sans',sans-serif;color: #333333\"><a href=\"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/spending-savings-accts\/parking-transit\/\" rel=\"noopener noreferrer\">Parking &amp; Transit Accounts<\/a>\u00a0<\/span><\/li>\n<\/ul>\n<h2>Eligibility<\/h2>\n<p>Review the eligibility for each account by clicking on the above links.<\/p>\n<h2>Payment Card<\/h2>\n<p>If you enroll in a Health Care FSA, Limited Purpose FSA, Health Savings Account, and\/or Parking Account, you will receive a payment card from the administrator for these accounts. If you enroll in multiple accounts (for example: Limited Purpose FSA and Health Savings Account), you will be issued one payment card to use for both accounts.<\/p>\n<p>In 2025, there is not a payment card issued for the Dependent Day Care or Transit Accounts. For these accounts, you are required to submit claims manually to Optum for reimbursement, electronically or via U.S. Mail.<\/p>\n<p>In 2026, you will be able to use your TASC payment card for the Dependent Day Care Account and Transit Accounts, in addition to the Health Care FSA, Limited Purpose FSA, Health Savings Account, and\/or Parking Account.<\/p>\n<p>Contact the administrator to request a new payment card.<\/p>\n<h2>Forms &amp; Resources<\/h2>\n<ul>\n<li><a href=\"https:\/\/etf.wi.gov\/publications\/et2340\/download?inline=\" target=\"_blank\" rel=\"noopener\">Automatic Premium Conversion Waiver (ET-2340)<\/a><\/li>\n<li><span class=\"doc-icon\"><a class=\"doc-type pdf\" href=\"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/download\/comparisonhsafsa.pdf\" target=\"_blank\">Comparison - HSA vs FSA<span class=\"sr-only\"> pdf<\/span><\/a><\/span>\r\n<\/li>\n<li><span class=\"doc-icon\"><a class=\"doc-type pdf\" href=\"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/download\/fsahsachangeform.pdf\" target=\"_blank\">FSA &amp; HSA Contribution Change Form<span class=\"sr-only\"> pdf<\/span><\/a><\/span>\r\n<\/li>\n<li><a href=\"https:\/\/etf.wi.gov\/publications\/et1905\/download?inline=\" target=\"_blank\" rel=\"noopener\">FSA &amp; HSA Summary Plan Description<\/a><\/li>\n<li><a href=\"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/fsahsavendorchange\/\" target=\"_blank\" rel=\"noopener\">FSA &amp; HSA Vendor Change web page<\/a><\/li>\n<li><a href=\"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/terms-conditions\/\" target=\"_blank\" rel=\"noopener noreferrer\">Terms and Conditions<\/a><\/li>\n<\/ul>\n<h2>Administrator<\/h2>\n<ul>\n<li>2025:\u00a0<a href=\"https:\/\/my.optum.com\/etf\" target=\"_blank\" rel=\"noopener noreferrer\">Optum<\/a> | (833) 881-8158<\/li>\n<li>2026: <a href=\"http:\/\/www.etf-tasc.com\/\" target=\"_blank\" rel=\"noopener\">TASC<\/a> | (888) 276-3147<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Overview Universities of Wisconsin employees may contribute to Flexible Spending Accounts (FSA) and\/or a Health Savings Account (HSA). With a FSA, plan to spend the money set aside. With an HSA, you may spend or save the money. Another key difference is the FSA contains a \u201cuse it or lose it\u201d rule, which does not [&#8230;]<\/p>\n","protected":false},"author":3081,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/42.7563.php","meta":{"footnotes":""},"class_list":["post-7658","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages\/7658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/users\/3081"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/comments?post=7658"}],"version-history":[{"count":17,"href":"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages\/7658\/revisions"}],"predecessor-version":[{"id":29623,"href":"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages\/7658\/revisions\/29623"}],"wp:attachment":[{"href":"https:\/\/dev.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/media?parent=7658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}