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Ot later than, 5 p.m. Eastern Daylight Time, May 21, 2012, will be considered for funding with other proposals received by that date; Proposals not approved for funding during the review period will be reconsidered for funding after the review period only if the applicant specifically requests such reconsideration in writing, and only if funding remains available; Proposals received after 5 p.m. Eastern Daylight Time, May 21, 2012, will be considered in the order received for funding onl.
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JkT FAQ
Yes, if you have funds available your MyCash account. Keep in mind that ATM/bank fees may apply. (The Bancorp Bank is the sponsor of the TASC Card.) At an ATM, withdraw from “savings.” You may only withdraw up to $500 per day (if available in your MyCash account), and most ATMs have a $200 per transaction limit.
If you do not manually move your leftover Health FSA funds, they will be automatically moved (up to the $500 maximum) into the new Plan Year after the Runout Period (even if you made no election for the new Plan Year). Any unused funds over the carryover maximum will be forfeited.
Requests are processed each business day so reimbursements should post to your MyCash account within 48-72 hours.
Government regulations allow you to carry over a portion of your unused Healthcare FSA (general and limited purpose) funds to the next plan year, meaning there is minimal risk of forfeiting your unused contributions. If you've participated in an FSA in the past, you already know how much you can save.
Contribution Limits Generally, if both parents are married, working and filing taxes jointly, the maximum contribution is $5,000 annually. If you are single or married and filing separately, the limit is $2,500 annually.
Your TASC Health Savings Account (HSA) provides great advantages – now and in the future. First, it gives you a tax-advantaged way to pay for eligible medical expenses for you, your spouse, and your dependents.
If you pay out of pocket for an eligible healthcare expense you can submit a request for reimbursement and when it pays, the funds deposit into your MyCash account. Funds in MyCash may be accessed with the swipe of the TASC Card, withdrawn at an ATM, or transferred to a personal account.
Use your TASC Card to pay for healthcare-qualified expenses at clinics, optometrists, dentists, pharmacies, and other merchants with a healthcare inventory information approval system (IIAS) in place. It may also be used for some daycare and transportation account expenses.
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