{"id":7658,"date":"2017-07-14T10:20:03","date_gmt":"2017-07-14T15:20:03","guid":{"rendered":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/?page_id=7658"},"modified":"2026-05-20T14:16:38","modified_gmt":"2026-05-20T19:16:38","slug":"spending-savings-accts","status":"publish","type":"page","link":"https:\/\/www.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 changed from Optum to TASC 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:\/\/www.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:\/\/www.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:\/\/www.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, Dependent Day Care Account, Health Savings Account, Parking Account and\/or Transit Account, you will receive a payment card from the administrator. 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>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:\/\/www.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:\/\/www.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:\/\/www.wisconsin.edu\/ohrwd\/benefits\/fsahsavendorchange\/\" target=\"_blank\" rel=\"noopener\">FSA &amp; HSA Vendor Change web page<\/a><\/li>\n<li><a href=\"https:\/\/www.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:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages\/7658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/users\/3081"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/comments?post=7658"}],"version-history":[{"count":19,"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages\/7658\/revisions"}],"predecessor-version":[{"id":37042,"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages\/7658\/revisions\/37042"}],"wp:attachment":[{"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/media?parent=7658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}