CDO Pam Reynolds of TASC is recognized for her work on the innovative TASC Card.
Madison, WI (October 30, 2014) – TASC (Total Administrative Services Corporation), a provider of tax-advantaged medical and other benefits account management services, today announced their designation as a 2014 Innovator by the Institute of Healthcare Consumerism’s (IHCC). Pam Reynolds, Chief Development Officer (CDO) at TASC, was recognized for outstanding leadership and innovative healthcare benefit solutions.
Instrumental in this recognition was Reynolds’ work on the development of the TASC Card with its MyCash innovation, a revolutionary way to pay for eligible healthcare expenses and spend funds reimbursed from a cardholder’s Flexible Spending Account (FSA), all on one card. With MyCash, claim reimbursements for out-of-pocket expenses are automatically deposited into a separate cash account that is accessible through the TASC Card for non-FSA purchases. This unique feature transforms the TASC Card into a multi-purpose payment tool for Participants.
“With the addition of MyCash, TASC has transformed the limited-use FSA card into a general purpose payments tool and means of accessing funds in Participants’ tax-advantaged accounts,” said Elaine Harkins, Vice President at MasterCard Worldwide. “This increases Participants’ engagement with their FSA and health plans overall. Pam has been instrumental in developing this solution and ensuring its success.”
About IHCC The Institute for HealthCare Consumerism is the only multi-platform, collaborative environment focused exclusively on innovative health and benefits management. It’s a place for employers (including HR and benefits managers, wellness executives, C-suite executives, financial management decision makers and executives), TPAs, solution providers, brokers, advisors, consultants and administrators of regional health plan providers to learn, connect and share.
