Vendor Change Announced for FSA and HSA Accounts
Connect Your Care (CYC) will be the new third-party administrator for the Flexible Spending Account (FSA) and Health Savings Accounts (HSA) beginning January 1, 2020. Specific accounts affected include Health Care FSA, Limited Purpose Health Care FSA, Dependent Day Care Account, Health Savings Account, and any existing Parking & Transit Accounts with remaining balances. TASC will no longer be the third-party administrator after December 31, 2019. The last day to submit FSA expenses for the 2019 plan year to TASC will be March 31, 2020. Employees may roll over their HSA balances from TASC to CYC between September 30 and December 31, 2019. UW–Madison employees with active accounts have already received direct communications about this change. Employees who wish to enroll or re-enroll in an FSA or HSA account should do so during Annual Benefits Enrollment, September 30–October 25, 2019.