Family

Universal Benefit Account

FRINGE

Caring for family

Life can feel expensive and uncertain when employees are caring for children or aging parents. Employer-subsidized programs help employees minimize the financial stress of day-to-day and unexpected care needs.

Dependent Care FSA

Participant payroll deductions pay for dependent care expenses while at work or school. Expenses include daycare, preschool and babysitting.

Participant Benefits

TAX ADVANTAGED

Employer Benefits

Back‐Up Care Account

Employer reimburses participant for unplanned and emergency care needs, including dependent- and elder-care. Expenses include in-home and out-of-home care services for dependents.

Participant Benefits

Employer Benefits

Child Adoption Assistance Account

Participant contributions pay for expenses related to adopting a child. Expenses related to adopting a child including medical, travel and legal expenses.

Participant Benefits

TAX ADVANTAGED

Employer Benefits

Why TASC Family Benefits?

Enhance appeal
in showing your care

Overall, these benefits demonstrate a company’s understanding of the real-life challenges faced by its workforce, enhancing its appeal as a supportive and inclusive employer.

They also play a crucial role in helping employees balance their professional and personal responsibilities, leading to a happier, more focused, and more loyal workforce.

Think Family

By reducing stress and distraction related to family care you enable employees to focus on their work. Employees less worried about sudden issues surrounding child- and elder-care are more likely to be engaged and productive.

Easy, Fast Reimbursement

Easy Healthcare Payments: With TASC – we offer 3 fast and easy ways to take care of expenses: swipe the TASC card, use the TASC mobile app to take a picture of the invoice or request reimbursement through the desktop portal.

Inclusivity and Diversity

By offering a range of family support options, these benefits cater to diverse family needs and structures. This inclusivity fosters a positive and empathetic workplace atmosphere.

Frequently Asked Questions

What are the tax advantages of offering family benefits like Dependent Care FSA?

Employers can benefit from tax deductions on contributions to family benefits programs. These deductions can reduce overall payroll taxes and provide financial incentives for the company.

What are the current Dependent Care FSA limits?

Review all regulatory limits here.

How does the administration of these benefits work?

Benefits administration can be streamlined using platforms like TASC’s Universal Benefit Account, which offer user-friendly access and quick reimbursement processes. These platforms handle enrollment, claims, and compliance management efficiently.

What is a Qualifying Event?

Additional life situations considered as Changes in Status or Qualifying events include: A change in cost or coverage related to a child care provider fee or a change in the number of hours of care needed. A change in marital status, such as marriage, divorce, or death of your spouse. A change in the number of your dependents, such as birth or adoption of a child, or death of a dependent. A change in employment status for you, your spouse, or dependent that affects eligibility. An event that causes your dependent to satisfy or cease to satisfy eligibility requirements.

Who are Qualified Dependents for Dependent Care FSA?

A “Qualifying Person” is defined as one of the following:

A dependent who was under age 13 when the care was provided and for whom an exemption can be claimed.
A spouse who was physically or mentally not able to care for himself or herself and lived with you for more than half the year.
A dependent who was physically or mentally not able to care for himself or herself and for whom an exemption can be claimed and lived with you for more than half the year.

What are the differences between Dependent Care and Healthcare FSAs?

There is no carryover option with a Dependent Care FSA Account so that means that at the end of the benefit plan year, all money must be claimed by the employee or the employer will assume the funds.

Unlike a Healthcare Flexible Spending Account where the annual election is available on the first day of a plan year, a Dependent Care FSA account is a money in/money out. Meaning, money is only available as you pay into the account.