Your browser does not support JavaScript!
calculators
Member Education
forms and publications
news
about etf
frequently asked questions
contact etf
site map
related links
home
top of page
Wisconsin Department of Employee Trust Funds header image It's Your Choice 2019 State of Wisconsin Group Health Insurance Program
members retirees employers governing boards careers at etf
skip to end of menu
2019 It's Your Choice - State of Wisconsin Group Health Insurance for Employees and Retirees

Wisconsin Department Of Employee Trust FundsIt's Your Choice 2019


State of Wisconsin
Group Health Insurance Program
(State Employees, Retirees, Continuants and Graduate Assistants)

Health Savings Accounts Program

Put more money in your pocket!

A Health Savings Account (HSA) is an individually-owned, tax-advantaged account that you can use to pay for current or future eligible medical expenses. With an HSA, you’ll have the potential to build more savings for health care expenses or additional retirement savings through self-directed investment options.

This benefit is only available to individuals enrolled in one of the It’s Your Choice (IYC) High Deductible Health Plans (HDHP).  If you enroll in one of the IYC HDHPs, you are required to enroll in the HSA.

For more information, visit the TASC Landing Page for the State of Wisconsin.

HSA Payroll Processing for 2019

  • HSA contributions will be distributed evenly over the course of the year, in accordance with your payroll schedule.
  • Biweekly: 24 pay periods | Monthly: 12 pay periods | 9-Month: 9 pay periods

Note: If you are already enrolled in a Health Savings Account (HSA) you must re-enroll each year to continue participation. Enrollments do not carry forward from year to year.

Piggy Bank ImageAn HSA is an account you must enroll in if you elect one of the High Deductible Health Plans. You can save money tax-free to pay for health care expenses not covered by insurance. Your employer may contribute funds, if you are eligible. This money is yours, even if you leave the HDHP plan or state service.

 

What are the benefits of an HSA?

  • Pre-tax contributions reduce your taxable income.
  • Post-tax contributions are tax deductible.
  • Make changes to your contribution at any time.
  • Distributions for eligible medical expenses are tax free.
  • HSA funds carry over year-to-year without forfeiture.
  • Contributions to your HSA belong to you, even if you retire or change employment.1
  • Grow your savings over time by earning interest.
  • After age 65, your funds can be withdrawn for any purpose without penalty (subject to regular income taxes).

Note: You must be enrolled in one of the IYC HDHPs in order to participate in the HSA.

How does it work?

  • You can contribute to your HSA via payroll deduction or by online transfer from your personal bank account to your HSA. Your employer (if eligible for employer contribution) or third parties, such as a spouse or parent, may contribute to your account as well.
  • You can pay for eligible medical expenses with your TASC Card or pay out-of-pocket. If you pay out-of-pocket, you can either choose to reimburse yourself or keep the funds in your HSA to grow your savings.

Manage your HSA account 24/7 via the TASC Benefits mobile app or TASC Online account.

1 Employees that terminate employment but keep HSA open and active pay $3.00 monthly service fee.

  • State employees, except those who are eligible for the graduate assistant/short term academic staff benefits package and are not in the Wisconsin Retirement System, are eligible to participate.
  • Limited Term Employees (LTEs) who are eligible for the State of Wisconsin Group Health Insurance Program are eligible to participate.
  • Retirees1 younger than age 65 are eligible to participate.
  • To enroll in an HSA, you must be enrolled in one of the It’s Your Choice HDHPs. In addition:
    • You cannot have any other health coverage that pays for out-of-pocket health care expenses before you meet your plan deductible, including Medicare A and B.
    • You cannot be covered by TRICARE, or have accessed your Veterans Administration (VA) benefits in the past 90 days (to contribute to an HSA). Exceptions may apply. See HSA Participant Guide for more details.
    • You cannot be claimed as a dependent on another person’s tax return (unless it’s your spouse).
    • You (and your spouse) cannot have a Health Care FSA in the same year.
    • Note: You must notify your human resources/benefits office of any other medical coverage, including Medicare A and B, when enrolling in, and at any point while enrolled in, the HDHP and HSA.

1 Retirees enrolled in IYC HDHP/HSA benefit option must keep HSA open and active, and pay $3.00 monthly service fee.

Annual It’s Your Choice Open Enrollment Period: October 1 – October 26, 2018
2019 Benefit Period: January 1 – December 31, 2019


UW System Employees
Enrollments are done directly through the UW, not the TASC portal/website or by telephone.
UW System employees should refer to the University of Wisconsin Systems Employee Benefits website or contact your UW institution human resources department for enrollment instructions for 2019.

State of Wisconsin & STAR State Employees
State of Wisconsin, Courts, and Legislature employees who are paid through the STAR System should log in to STAR to make all benefits elections during the annual It’s Your Choice period. Contact your agency payroll and benefits staff with any enrollment questions.

WEDC Employees
Enrollments are done directly through WEDC, not the TASC portal/website.
WEDC employees should refer to OneLogin>Kronos>My Account>My Benefits> Review/Select Benefits or contact WEDC human resources for enrollment instructions for the 2019 plan year.

Enroll During It’s Your Choice

  • See the Health Savings Account Enrollment Brochure for Enrollment Information.
  • You have three ways to enroll during the It’s Your Choice Open Enrollment period:
  • You can request a paper application from your payroll or benefits office, or download a copy from the TASC website.
  • Your election will be effective January 1, 2019.
  • Note: If you are already enrolled in a Health Savings Account (HSA) you must re-enroll each year to continue participation. Enrollments do not carry forward from year to year.

If You Are a Newly Hired Employee

  • If you are electing to enroll in an HSA, you must enroll within 30 days of your date of hire (in an eligible position), or first eligible appointment.
  • Coverage will be effective on the first of the month on or following your eligibility date.
  • For more information and enrollment instructions, contact your human resources/benefit office.

If You Have Experienced a Qualifying Life Change Event

  • If you experience a qualified life change event, such as a marriage or divorce, birth or adoption of a child, a change in employment status, or another qualified life change event, you may have the opportunity to enroll or change your coverage outside of the open enrollment period.
  • There are various rules related to life change events. You must enroll or make changes within 30 days from the date of the qualifying event.
  • Contact your human resources/benefit office for more information on qualifying events, to see what your options are, how to enroll, and how to make a change.

Annual HSA Contribution Limits

2019

2018

Individual HSA Annual Contribution Limit1

$3,500

$3,450

Family HSA Annual Contribution Limit1

$7,000

$6,900

HSA Catch-Up Contribution Limit2

$1,000

$1,000

HSA Carryover Limit Unlimited Unlimited

If you are eligible, your employer may contribute up to $750/$1,500 family. Contributions from all sources combined, such as employee, employer, and third parties (i.e. parent, spouse, or anyone else) must not exceed these limits.

1 Contributions from all sources combined, such as employee, employer, and third parties (i.e. parent, spouse, or anyone else) must not exceed these limits.
2 Health Savings Accountholders that meet these qualifications are eligible to make an HSA Catch-Up Contribution of $1,000: age 55-65 (regardless of when in the year an accountholder turns 55), not enrolled in Medicare (if an accountholder enrolls in Medicare mid-year, catch-up contributions should be pro-rated). 

Employer HSA Contribution Eligibility
Only active state employees who are participating in the HDHP and HSA will be eligible for an employer HSA contribution. When an employee leaves state service (including retirees), they will become responsible for paying all fees associated with the HSA. The monthly maintenance fee is $3 per month and is automatically deducted from the account. HSAs with a zero balance for 90 days will be automatically closed.     

Employer HSA Contribution Amounts 
This is the amount your employer will deposit to your HSA, if you are eligible. 

Coverage Level

2019

2018

Individual Plan

$750.00

$750.00

Family Plan

$1,500.00

$1,500.00

Employer HSA Contribution Timing:
State employer HSA contributions for employees who are paid biweekly will be provided in 24 payments. For employees who work for agencies covered by STAR, these payments will occur on the first two checks payable within the month. Employees paid monthly will receive one payment per month. Employees who leave state service will not receive any payments that would have occurred on future paychecks.

Below is a partial list of eligible expenses that are reimbursable through a Health Savings Account (HSA). Eligible expenses can be incurred by you, your spouse, or qualified dependents. The HSA can only be used to pay for eligible medical expenses incurred after your HSA was established. For more information, see the HSA Eligible Expenses flyer or your HSA Participant Guide. For the complete list of eligible and ineligible expenses, visit www.IRS.gov and see IRS Publications 502 and 969.

What is an eligible expense?

  • An eligible expense is a health care service, treatment, or item the IRS states can be paid for without taxes.

How should I keep track of my eligible expenses?

  • You should keep all your receipts and pertinent documentation to prove your HSA was used for eligible medical expenses.
  • Note: If you pay for anything other than eligible expenses with your HSA, the amount will be taxable, and you will be required to repay the amount and pay an additional tax penalty.

Eligible Medical Expenses

  • Acupuncture
  • Ambulance services
  • Birth control/contraceptive devices
  • Birth classes/Lamaze1
  • Blood pressure monitor
  • Blood sugar test kits/test strips
  • Chiropractic therapy/exams/adjustments
  • Co-payments
  • Crutches1
  • Dermatology services
  • Diagnostic services
  • Flu shots
  • Gynecological care
  • Hearing aids and batteries1
  • Incontinence supplies
  • Infertility treatments
  • Insulin and diabetic supplies
  • Laboratory fees
  • Lactation expenses
  • Legal sterilization
  • Nasal strips
  • Obstetric care
  • Operations/surgery1
  • Physical exams
  • Physical therapy1
  • Pregnancy test kits
  • Sleep apnea services/products1
  • Smoking cessation programs
  • Therapy or counseling
  • Treatment for alcohol or drug dependency
  • Vaccinations
  • Wrist supports/elastic straps
  • X-ray fees

1: Restrictions may apply. See IRS Publications 502 and 969 for more details.

Eligible Dental Expenses

  • Cleanings and exams
  • Crowns and bridges
  • Dental plan co-pays
  • Dental surgery
  • Dental x-rays

Eligible Vision Expenses

  • Contact lenses and lens solution
  • Diagnostic services
  • Eye exams
  • Eye surgery
  • Laser eye surgery/LASIK
  • Optometrist/ ophthalmologist fees
  • Prescription eyeglasses and sunglasses
  • Seeing eye dog (buying, training, and maintaining)
  • Vision plan co-insurance
  • Vision plan deductible

OTC Medicines and Drugs
Over-the-counter (OTC) medicines and drugs, except for insulin, require a prescription from your physician to be reimbursable with your HSA. The prescription must be included with each request for reimbursement.

  • Antihistamines
  • Cold medicines
  • Diaper rash ointments
  • First Aid supplies
  • Hemorrhoid treatments
  • Nicotine patches
  • Pain relievers
  • Sinus medications
  • Yeast infection medications

 

Plan Year –The plan year (for all plans) is January 1 to December 31.

Expense Deadline – For 2018 Benefit Period, you must incur all eligible expenses by December 31, 2018. For 2019 Benefit Period, you must incur all eligible expenses by December 31, 2019. The HSA can only be used to pay for eligible medical expenses incurred after your HSA was established.

Carryover – All unused HSA funds carryover year-to-year without forfeiture.

New Hire – You must enroll within 30 days from the date of hire. Coverage will be effective on the first of the month on or following your eligibility date.

Claims Deadline –  While you should always try to submit requests for distribution during the same plan year in which the expense was incurred, there is no deadline to request an HSA distribution. You can only be reimbursed for eligible expenses incurred after your HSA was established and funded.

Re-Enrollment – You must re-enroll each year to continue participation. Enrollments do not carry forward from year to year.

Qualified Life Event – Changes due to a qualifying life change event must be made within 30 days from the date of the event.

Once you have enrolled in an HSA, you will receive:

  • HSA Welcome Brochure
    The HSA Welcome Brochure will provide you with information on how to manage your HSA, set-up your TASC Online account, your responsibilities, and key dates.
  • TASC Card
    Your TASC Card allows you to conveniently pay for eligible medical expenses. Be sure to review the Cardholder Agreement included with your TASC Card.

Note: If you are a current TASC participant, you will not be issued a new TASC Card. You will continue to use your current TASC Card.

A Health Savings Account (HSA) lets you save money tax-free to pay for health care expenses not covered by insurance. If you do not use all of your HSA funds, they carry over year-to-year without forfeiture. The money is yours, even if you leave the High-Deductible Health Plan (HDHP) or state service. Not only do you save on taxes, but your HSA dollars can grow over time, especially if you decide to compound your funds. The amount you save depends on how you choose to use your HSA funds.

  • Funds in your HSA account will earn interest over time.
  • Once your balance reaches $2,000, you may invest any funds above that level (in $100 increments) in a variety of HSA investment options with varying levels of related risk and returns.
  • HSAs offer a triple tax advantage by making the following tax free:
    • Contributions
    • Distributions
    • Investment earnings

Triple Tax Advantage
HSAs offer a triple tax advantage by making the following tax free:

  • Contributions
  • Distributions
  • Investment earnings

HSA Investment Account
A unique aspect of an HSA is the ability to invest some of your savings, which may potentially increase the value of your account for retirement. In order to invest your HSA funds, you must set up an HSA Investment Account. See the HSA Participant Guide or the TASC Landing Page for the State of Wisconsin at https://partners.tasconline.com/ETFEmployee for more details. Also see the next page for HSA Investment Option offerings.

If you do not elect to participate in the investment option, the funds will remain in your HSA earning interest at the rate detailed above. For the most current rates and investment options, visit your TASC Online Account. Mutual funds are not FDIC insured.

For more information about interest rate and HSA investment options, see the  HSA Enrollment Brochure or visit the  TASC Landing Page for State of Wisconsin .

Piggy Bank ImageAn HSA is an account you must entroll in if you enroll in one of the High Deductible Health Plans. You can save money tax-free to pay for health care expenses not covered by insurance. Your employer may contribute funds, if you are eligible. This money is yours, even if you leave the HDHP plan or state service.

 

What are the benefits of an HSA?

  • Pre-tax contributions reduce your taxable income.
  • Post-tax contributions are tax deductible.
  • Make changes to your contribution at any time.
  • Distributions for eligible medical expenses are tax free.
  • HSA funds carry over year-to-year without forfeiture.
  • Contributions to your HSA belong to you, even if you retire or change employment.1
  • Grow your savings over time by earning interest.
  • After age 65, your funds can be withdrawn for any purpose without penalty (subject to regular income taxes).

Note: You must be enrolled in one of the IYC HDHPs in order to participate in the HSA.

How does it work?

  • You can contribute to your HSA via payroll deduction or by online transfer from your personal bank account to your HSA. Your employer (if eligible for employer contribution) or third parties, such as a spouse or parent, may contribute to your account as well.
  • You can pay for eligible medical expenses with your TASC Card or pay out-of-pocket. If you pay out-of-pocket, you can either choose to reimburse yourself or keep the funds in your HSA to grow your savings.

Manage your HSA account 24/7 via the TASC Benefits mobile app or TASC Online account.

1 Employees that terminate employment but keep HSA open and active pay $3.00 monthly service fee.

  • Retirees younger than age 65 are eligible to participate.
  • To enroll in an HSA, you must be enrolled in one of the It’s Your Choice HDHPs. In addition:
    • You cannot have any other health coverage that pays for out-of-pocket health care expenses before you meet your plan deductible, including Medicare A and B.
    • You cannot be covered by TRICARE, or have accessed your Veterans Administration (VA) benefits in the past 90 days (to contribute to an HSA). Exceptions may apply. See HSA Participant Guide for more details.
    • You cannot be claimed as a dependent on another person’s tax return (unless it’s your spouse).
    • You (and your spouse) cannot have a Health Care FSA in the same year.
    • Note: You must notify your human resources/benefits office of any other medical coverage, including Medicare A and B, when enrolling in, and at any point while enrolled in, the HDHP and HSA.

Account Maintenance Fee
Retirees are required to have an active State HSA if they are enrolled in an HDHP. Retirees are responsible for the $3 per month account maintenance fee. Retirees must keep adequate funds in the account to cover the $3 monthly fee. HSAs with a zero balance for 90 days will be closed automatically. If the account is not active, you will no longer be eligible for the HDHP.

A Health Savings Account (HSA) is an individually-owned savings account that you must enroll in if you are enrolled in one of the High-Deductible Health Plans (HDHP).

  • See the HSA How to Enroll for Retirees Flyer for Enrollment Information.
  • Annual It’s Your Choice Open Enrollment Period: October 1 – October 26, 2018
  • 2019 Benefit Period: January 1 – December 31, 2019
  • Note: If you are already enrolled in a Health Savings Account (HSA), you must re-enroll each year to continue participation. Enrollments do not carry forward from year to year.

New Participants
To enroll in an HSA, new participants should:

Note: New participants are unable to enroll online through TASC. All new participants must complete and submit a paper application.

Current Participants
To re-enroll in an HSA, current participants should:

Once you reach age 65, you are eligible for penalty free withdrawals, allowing you to use your HSA funds for any reason. You can also use your HSA to pay for some insurance premiums. However, most Americans begin Medicare at age 65, therefore losing HSA eligibility. Make sure you understand these important changes to make the most of your HSA now and in the future.

Distributions
At age 65, you can take penalty-free distributions from your HSA for any reason.

  • In order to be both tax-free and penalty-free, the distribution must be for an eligible medical expense.
  • Withdrawals made for other purposes will be subject to ordinary income taxes.
  • Given that Medicare does not cover all of your medical expenses, most HSA owners over 65 continue to use their HSA funds for eligible medical expenses to ensure they receive the maximum benefits from their HSA.

Health Insurance Premiums
At age 65, you can use your HSA to pay for Medicare Parts A, B, D and Medicare HMO premiums tax-free and penalty-free.

  • Reimburse yourself directly from your HSA for Medicare premiums deducted from your Social Security payment.
  • Use your HSA to pay for the employee share of employer-sponsored healthcare premiums (provided that the employee share is not deducted pre-tax).
  • You cannot use your HSA to pay for Medigap insurance premiums.

Account Maintenance Fee
Retirees are required to have an active State HSA if they are enrolled in an HDHP. Retirees are responsible for the $3 per month account maintenance fee. Retirees must keep adequate funds in the account to cover the $3 monthly fee. HSAs with a zero balance for 90 days will be closed automatically. If the account is not active, you will no longer be eligible for the HDHP.

Annual HSA Contribution Limits

2019

2018

Individual HSA Annual Contribution Limit1

$3,500

$3,450

Family HSA Annual Contribution Limit2

$7,000

$6,900

HSA Catch-Up Contribution Limit2

$1,000

$1,000

HSA Contributions After Age 65
You can make an HSA contribution after you turn 65 and enroll in Medicare if you have not maximized your contribution for your last year of HSA eligibility. You have until April 15 of the year following the tax year you lose HSA eligibility to make your HSA contribution. You can do so even if you are no longer eligible for an HSA so long as you are making a contribution for a period when you were eligible.

Remaining HSA Eligible Past Age 65
To be able to contribute to an HSA past age 65, you cannot enroll in Medicare.

  • You become enrolled in Medicare under Part A by filing an application or being approved automatically.
  • The Social Security Administration automatically enrolls you in Medicare Part A when you begin collecting Social Security benefits.
  • Some individuals are able to avoid enrolling in Medicare by waiting to receive Social Security.

If you are not enrolled in Medicare and are otherwise HSA eligible, you can contribute to an HSA after age 65.

1 Contributions from all sources combined (i.e. parent, spouse, or anyone else) must not exceed these limits.
2 Health Savings Accountholders that meet these qualifications are eligible to make an HSA Catch-Up Contribution of $1,000: age 55-65 (regardless of when in the year an accountholder turns 55), not enrolled in Medicare (if an accountholder enrolls in Medicare mid-year, catch-up contributions should be pro-rated). 

Distributions
At age 65, you can take penalty-free distributions from your HSA for any reason.

  • In order to be both tax-free and penalty-free, the distribution must be for an eligible medical expense.
  • Withdrawals made for other purposes will be subject to ordinary income taxes.
  • Given that Medicare does not cover all of your medical expenses, most HSA owners over 65 continue to use their HSA funds for eligible medical expenses to ensure they receive the maximum benefits from their HSA.

Health Insurance Premiums
At age 65, you can use your HSA to pay for Medicare Parts A, B, D and Medicare HMO premiums tax-free and penalty-free.

  • Reimburse yourself directly from your HSA for Medicare premiums deducted from your Social Security payment.
  • Use your HSA to pay for the employee share of employer-sponsored healthcare premiums (provided that the employee share is not deducted pre-tax).
  • You cannot use your HSA to pay for Medigap insurance premiums.

Eligible Expenses
Below is a partial list of eligible expenses that are reimbursable through a Health Savings Account (HSA). Eligible expenses can be incurred by you, your spouse, or qualified dependents. The HSA can only be used to pay for eligible medical expenses incurred after your HSA was established. For more information, see the HSA Eligible Expenses flyer or your HSA Participant Guide. For the complete list of eligible and ineligible expenses, visit www.IRS.gov and see IRS Publications 502 and 969.

What is an eligible expense?

  • An eligible expense is a health care service, treatment, or item the IRS states can be paid for without taxes.

How should I keep track of my eligible expenses?

  • You should keep all your receipts and pertinent documentation to prove your HSA was used for eligible medical expenses.
  • Note: If you pay for anything other than eligible expenses with your HSA, the amount will be taxable, and you will be required to repay the amount and pay an additional tax penalty.

Eligible Medical Expenses

  • Acupuncture
  • Ambulance services
  • Birth control/contraceptive devices
  • Birth classes/Lamaze1
  • Blood pressure monitor
  • Blood sugar test kits/test strips
  • Chiropractic therapy/exams/adjustments
  • Co-payments
  • Crutches1
  • Dermatology services
  • Diagnostic services
  • Flu shots
  • Gynecological care
  • Hearing aids and batteries1
  • Incontinence supplies
  • Infertility treatments
  • Insulin and diabetic supplies
  • Laboratory fees
  • Lactation expenses
  • Legal sterilization
  • Nasal strips
  • Obstetric care
  • Operations/surgery1
  • Physical exams
  • Physical therapy1
  • Pregnancy test kits
  • Sleep apnea services/products1
  • Smoking cessation programs
  • Therapy or counseling
  • Treatment for alcohol or drug dependency
  • Vaccinations
  • Wrist supports/elastic straps
  • X-ray fees

1: Restrictions may apply. See IRS Publications 502 and 969 for more details.

Eligible Dental Expenses

  • Cleanings and exams
  • Crowns and bridges
  • Dental plan co-pays
  • Dental surgery
  • Dental x-rays

Eligible Vision Expenses

  • Contact lenses and lens solution
  • Diagnostic services
  • Eye exams
  • Eye surgery
  • Laser eye surgery/LASIK
  • Optometrist/ ophthalmologist fees
  • Prescription eyeglasses and sunglasses
  • Seeing eye dog (buying, training, and maintaining)
  • Vision plan co-insurance
  • Vision plan deductible

OTC Medicines and Drugs
Over-the-counter (OTC) medicines and drugs, except for insulin, require a prescription from your physician to be reimbursable with your HSA. The prescription must be included with each request for reimbursement.

  • Antihistamines
  • Cold medicines
  • Diaper rash ointments
  • First Aid supplies
  • Hemorrhoid treatments
  • Nicotine patches
  • Pain relievers
  • Sinus medications
  • Yeast infection medications

 

Plan Year –The plan year (for all plans) is January 1 to December 31.

Expense Deadline – For 2018 Benefit Period, you must incur all eligible expenses by December 31, 2018. For 2019 Benefit Period, you must incur all eligible expenses by December 31, 2019. The HSA can only be used to pay for eligible medical expenses incurred after your HSA was established.

Carryover – All unused HSA funds carryover year-to-year without forfeiture.

Claims Deadline –  While you should always try to submit requests for distribution during the same plan year in which the expense was incurred, there is no deadline to request an HSA distribution. You can only be reimbursed for eligible expenses incurred after your HSA was established and funded.

Re-Enrollment – You must re-enroll each year to continue participation. Enrollments do not carry forward from year to year.

Qualified Life Event – Changes due to a qualifying life change event must be made within 30 days from the date of the event.

A Health Savings Account (HSA) lets you save money tax-free to pay for health care expenses not covered by insurance. If you do not use all of your HSA funds, they carry over year-to-year without forfeiture. The money is yours, even if you leave the High-Deductible Health Plan (HDHP) or state service. Not only do you save on taxes, but your HSA dollars can grow over time, especially if you decide to compound your funds. The amount you save depends on how you choose to use your HSA funds.

  • Funds in your HSA account will earn interest over time.
  • Once your balance reaches $2,000, you may invest any funds above that level (in $100 increments) in a variety of HSA investment options with varying levels of related risk and returns.
  • HSAs offer a triple tax advantage by making the following tax free:
    • Contributions
    • Distributions
    • Investment earnings

Triple Tax Advantage
HSAs offer a triple tax advantage by making the following tax free:

  • Contributions
  • Distributions
  • Investment earnings

HSA Investment Account
A unique aspect of an HSA is the ability to invest some of your savings, which may potentially increase the value of your account for retirement. In order to invest your HSA funds, you must set up an HSA Investment Account. See the HSA Participant Guide at https://partners.tasconline.com/ETFEMployee or your TASC Online Tools & Resources for more details. Also see the next page for HSA Investment Option offerings.

If you do not elect to participate in the investment option, the funds will remain in your HSA earning interest at the rate detailed above. For the most current rates and investment options, visit your TASC Online Account. Mutual funds are not FDIC insured.

For more information about interest rate and HSA investment options, see the HSA Enrollment Brochure or visit the TASC website.

Once you have enrolled in an HSA, you will receive:

  • HSA Welcome Brochure

The HSA Welcome Brochure will provide you with information on how to manage your HSA, set-up your TASC Online account, your responsibilities, and key dates.

  • TASC Card

Your TASC Card allows you to conveniently pay for eligible medical expenses. Be sure to review the Cardholder Agreement included with your TASC Card.

Note: If you are a current TASC participant, you will not be issued a new TASC Card. You will continue to use your current TASC Card.

Disclaimer:
Every effort has been made to ensure that this information is accurate, but may be subject to change. Please note revision dates located at the bottom of each page. In the event of conflicting information, federal law, state statute, state health contracts and/or policies and provisions established by the State of Wisconsin Group Insurance Board shall be followed.

This page was last modified on: 9/26/2018 8:28:51 AM