The TASC Prepaid MasterCard® Card gives FlexSystem Participants a convenient way to pay for eligible healthcare and/or dependent care expenses, and is included in the FlexSystem Plan.
Rather than paying out-of-pocket and waiting to be reimbursed, Participants’ TASC Card purchases are automatically deducted from their FlexSystem FSA balance and paid directly to the authorized healthcare or dependent care provider.
The TASC Card can be used to pay for medical expenses at clinics, optometrists, dentists, pharmacies, and other merchants with a healthcare inventory approval system in place. It can also be used for daycare and transportation account expenses, if applicable. (For a list of merchants with the healthcare inventory system, visit www.sig-is.org.)
...One additional card for spouse or dependent at no charge.
...Online MyTASC account to easily manage TASC Card transactions (click TASC Card Management in MyTASC).
...No annual fee.
...Convenient and instant reimbursements.
...Boosts participation in Plan.
With MyCash, FlexSystem automatically deposits claim reimbursement(s) for out-of-pocket expenses into a separate cash account to be accessible through the TASC Card for non-FSA purchases. This unique feature virtually transforms the TASC Card into a multi-purpose payment tool for Participants...
...Swipe at any merchant that accepts MasterCard, withdraw at an ATM, or transfer to a personal account
...Replaces the need for reimbursement checks (saving time and paper)
...Protects against embarrassing declines (if funds are available in MyCash)
...Pays for healthcare and general expenses in one transaction
...Lets you transfer cash from MyCash to personal bank accounts
...Integrated with MyTASC and works with existing FlexSystem benefits accounts
...Secure MyCash Manager website to easily manage MyCash account
To learn more about the TASC Card, visit the TASC Card website, Frequently Asked Questions.