Flexible Spending Accounts

A Flexible Spending Account (FSA) is an account eligible employees use to put pre-tax money into throughout the year.

You choose how much money to contribute to your FSA, within limits, and you choose what qualified expenses to spend your FSA funds on — an FSA is flexible that way.

This account lets you set aside pre-tax dollars to pay for qualified expenses. Our vendor is TASC - see their contact information below.

Please note: A Flexible Spending Account differs from a Health Savings Account (HSA). Learn more about HSAs.
TASC Card Image
Filing Deadline for 2024 Expenses is March 31, 2025
The deadline for filing your 2024 Flexible Spending Account (FSA) for expenses incurred between January 1 and December 31, 2024, is March 31, 2025. This applies your Healthcare FSA, Limited Purpose FSA, and Daycare/Elder FSA. See this information guide for complete details.

There are three types of accounts:

Healthcare FSA - Use with Triple Choice Plan

  • 2025 Minimum $130 | Maximum: $3,200
  • Use for co-pays, dental services, prescriptions, glasses, over-the-counter medications (cold/sinus, for example), and more. See the IRS list of eligible expenses. 

Limited Purpose FSA - Use with HDHP w/HSA plan

  • 2025 Minimum $130 | Maximum: $3,200. Use for dental & vision only. 

Looking for Health Savings Account (HSA) information? Find it here.

Daycare/Eldercare FSA

  • 2025 Minimum: $260 | Maximum: $5,000 ($2,500 married & filing separately) 
  • Pay expenses for a child or adult dependent care (not for healthcare expenses).
  • Daycare, summer day camp, and preschool fees for children under 13 for whom you have custody. (Not unrelated children.)
  • Spouse or another adult dependent, physically or mentally incapable of caring for themselves. (Not parents.)
  • Not required to be enrolled in a medical plan to have a Daycare/Eldercare FSA.
  • Pays for caring for a dependent child or adult so that you can work.
  • IRS regulations may require ADOA to reduce your contribution due to IRS non-discrimination test requirements for highly compensated employees. In 2025, the maximum amount a highly compensated employee, defined by the IRS as those earning $151,164 or more in 2024, may contribute to the DepCare FSA will be limited to $1,600.
  • Contribution Deposit Dates - You contribute to this account each pay period. Typically, your contributions are deposited on the Friday of the pay week. At times, the schedule may change due to state and federal holidays. Funds are available within one business day of being deposited. You may manage your account on optumbank.com/arizona or via the OptumBank app.

Learn More

Step 1. Decide Your Amount for the Year

  • You determine how much you want to set aside pre-tax for medical, dental, and vision expenses up to the IRS limit for that year. | FSA Eligible Expenses Flyer
  • Estimate your costs with this calculator.
  • Consider Your Deductible - You can use the funds to pay for all or part of a deductible up to the annual contribution limit shown above. You’ll have your deductible budgeted for the year at a tax-free rate.
  • Use it or Lose It—The funds you set aside in a year can only be used for qualified expenses from January 1 to December 31. Funds do not carry over and are lost if not used.

 

Step 2. The Account is Fully Funded Upfront

  • The total amount you choose for the year is deposited into your FSA account upfront.
  • Your pre-tax payroll contributions are deposited to the FSA throughout the year, saving money on taxes.

 

Step 3. Use the Funds All Year

  • Since the account is fully funded upfront, you can immediately begin to use the funds at the start of the plan year (or, for new hires, when your plan goes into effect) to pay for eligible medical expenses such as deductibles, doctor visits, prescription drugs, glasses and more. 
  • Pay at point of service—You will automatically receive a MasterCard debit card, which allows you to conveniently pay at the doctor’s office or pharmacy. 

  • During New Hire Enrollment or Open Enrollment. You must re-enroll for the account(s) each year.
  • Enrollment can be done on yes.az.gov

Card Benefits

  • Your debit card will be pre-loaded with the entire amount of the deductions you selected for the plan year - the same card works for Healthcare and Dependent Care FSAs.
  • This makes it much more convenient to use your FSA contributions.
  • The TASC FSA MasterCard Debit Card is a limited-use benefit card that allows you to pay the merchant or healthcare provider directly from your health FSA account.
  • The card is accepted by healthcare and retail providers that accept MasterCard. Present your card for payment.
  • The card's advantage is that you do not have to pay with cash or a personal credit card.
  • The merchant will process the transaction, and then the card company will report the transaction to TASC.

Debit Card Sent Automatically

  • Upon enrollment, you will be automatically sent a new debit card, and you may request additional cards for your dependents. The card is valid until the expiration date on the front. 
  • For security reasons, the card will arrive in a plain white envelope, so be sure to check your mailbox.

  • The Summary Plan Description (SPD) describes what the plan provides and how it operates.
  • TASC SPD

  • TASC | 833-433-4301 | tasconline.com
  • University Faculty and Staff: Please see your HR website for your flexible spending account options.