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TASC Card - Client Benefits

TASC Card: MyBenefits. MyCash. MyWay.

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.)

The TASC Card is unlike any other benefits card in the industry. It offers access to two accounts on the same card: MyBenefits and MyCash. MyBenefits holds your employee benefits funds. And MyCash holds your reimbursement funds for any eligible expenses paid for not using the TASC Card.

Additional Features:

  • One additional card for spouse or dependent at no charge. Additional dependent cards are available at $10 each (maximum of three dependent cards may be requested).
  • Online MyTASC account to easily manage TASC Card transactions (click Manage My Card in MyTASC).
  • No annual fee.
  • Convenient and instant reimbursements.
  • Boosts participation in Plan.

MyBenefits

It's easier than ever to manage your employee benefits plans. The TASC Card reduces administrative burdens and boosts employee satisfaction. 

MyCash
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. Reimbursements are fast and convenient! This unique feature virtually transforms the TASC Card into a multi-purpose payment tool for Participants.

  • Swipe at any merchant that accepts Debit 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 (from MyTASC).
  • Integrated with MyTASC and works with existing FlexSystem benefits accounts.

To learn more about the TASC Card, view this informative presentation: TASC Card Overview and review our Frequently Asked Questions:

Mastercard is a registered trademark of Mastercard International Incorporated.
The TASC Card is issued by The Bancorp Bank pursuant to a license from Mastercard International Incorporated. The Bancorp Bank; Member FDIC. 

 

FSA - SECTION 125 - FLEXIBLE SPENDING ACCOUNTS | HRA - SECTION 105 - HEALTH REIMBURSEMENT ARRANGEMENTS | HSA - HEALTH SAVINGS ACCOUNTS | COBRA ADMINISTRATION | FMLA ADMINISTRATION | ERISA ADMINISTRATION | PAYROLL ADMINISTRATION