{"id":1058,"date":"2024-12-09T11:47:45","date_gmt":"2024-12-09T17:47:45","guid":{"rendered":"https:\/\/uwm.edu\/hr\/?page_id=1058"},"modified":"2026-03-26T15:48:34","modified_gmt":"2026-03-26T20:48:34","slug":"spending-savings-accounts","status":"publish","type":"page","link":"https:\/\/uwm.edu\/hr\/benefits\/spending-savings-accounts\/","title":{"rendered":"Spending and Savings Accounts"},"content":{"rendered":"\n<div class=\"uwm-l-row\">\n<div class=\"uwm-l-col uwm-l-col--4 uwm-l-offset--1 uwm-l-order--last\"><div class=\"uwm-block-otp-nav \"><\/div><\/div>\n\n\n\n<div class=\"uwm-l-col\">\n<p class=\"lead-in\">The Universities of Wisconsin offers three types of special accounts, which allow employees to set aside money, to pay for certain expenses:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Flexible Spending Accounts (FSA)<\/li>\n\n\n\n<li>Health Savings Accounts (HSA)<\/li>\n\n\n\n<li>Parking and Transit Accounts<\/li>\n<\/ul>\n\n\n\n<p>On this page, please find brief descriptions of these accounts, and links to the Universities of Wisconsin web pages that describe in greater detail how each type of account works.<\/p>\n\n\n\n<p class=\"size-p-md\"><strong>Source:<\/strong> <a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/spending-savings-accts\/\" target=\"_blank\" rel=\"noreferrer noopener\">Universities of Wisconsin Spending and Savings Accounts Overview<\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-flexible-spending-accounts-fsa\">Flexible Spending Accounts (FSA)<\/h2>\n\n\n\n<div class=\"uwm-l-row\">\n<div class=\"uwm-l-col uwm-u-border--right\">\n<p>Flexible spending accounts allow you to set aside money on a pretax basis to pay for certain eligible expenses. If you contribute money to a flexible spending account you should plan to spend that money within the current year. Flexible spending accounts are not intended to accumulate money over a long period of time. Flexible spending accounts limit the amount of money that can be carried over from one year to the next.<\/p>\n\n\n\n<p>For more detail on flexible spending accounts, including eligibility requirements, carryover limits, how to enroll, and terms and conditions, please see the Universities of Wisconsin Flexible Spending Accounts Overview below.<\/p>\n<\/div>\n\n\n\n<div class=\"uwm-l-col\">\n<p>There are three different types of flexible spending accounts.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Health Care FSA<\/li>\n\n\n\n<li>Limited Purpose FSA<\/li>\n\n\n\n<li>Dependent Day Care Account<\/li>\n<\/ul>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>TASC is the administrator of the flexible spending accounts for the Universities of Wisconsin.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"uwm-c-link--external\"><a href=\"https:\/\/uba.tasconline.com\/login\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">TASC Log In page<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/panthers.sharepoint.com\/:b:\/s\/HR-Web\/IQB0NfTpRQ3vRb9KB7sQlKAjAepc0-GaACRVpl9lXKxvvR0?e=9PuTb7\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">FSA and HSA Administrator Change FAQ<\/a> (PDF)<\/li>\n<\/ul>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The Wisconsin Department of Employee Trust Funds (ETF) also provides more information about flexible spending accounts for plan year 2026.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"uwm-c-link--external\"><a href=\"https:\/\/etf.wi.gov\/its-your-choice\/2026\/state-employee-and-retiree-health-plan-supplemental-benefits\/pre-tax-savings-accounts\/health-care-flexible-spending-account-fsa\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Health Care Flexible Spending Account (FSA)<\/a><\/li>\n\n\n\n<li class=\"uwm-c-link--external\"><a href=\"https:\/\/etf.wi.gov\/its-your-choice\/2026\/state-employee-and-retiree-health-plan-supplemental-benefits\/pre-tax-savings-accounts\/limited-purpose-flexible-spending-account-lpfsa\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Limited Purpose Flexible Spending Account (LPFSA)<\/a><\/li>\n\n\n\n<li class=\"uwm-c-link--external\"><a href=\"https:\/\/etf.wi.gov\/its-your-choice\/2026\/state-employee-and-retiree-health-plan-supplemental-benefits\/pre-tax-savings-accounts\/dependent-day-care-account\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Dependent Day Care Account<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p class=\"size-p-md\"><strong>Source:<\/strong> <a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/spending-savings-accts\/fsa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Universities of Wisconsin Flexible Spending Accounts Overview<\/a><\/p>\n\n\n\n<hr class=\"has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-health-savings-account-hsa\">Health Savings Account (HSA)<\/h2>\n\n\n\n<div class=\"uwm-l-row\">\n<div class=\"uwm-l-col uwm-u-border--right\">\n<p>Health savings accounts allow you to set aside money on a pretax basis to pay for certain eligible expenses. The money contributed to a health savings account can be carried over from one year to the next.<\/p>\n\n\n\n<p>For more detail on health savings accounts, including eligibility requirements, contribution limits, how to enroll, and terms and conditions, please see the Universities of Wisconsin Health Savings Accounts Overview below.<\/p>\n<\/div>\n\n\n\n<div class=\"uwm-l-col\">\n<p>TASC is the administrator of the health savings accounts for the Universities of Wisconsin.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"uwm-c-link--external\"><a href=\"https:\/\/uba.tasconline.com\/login\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">TASC Log In page<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/panthers.sharepoint.com\/:b:\/s\/HR-Web\/IQB0NfTpRQ3vRb9KB7sQlKAjAepc0-GaACRVpl9lXKxvvR0?e=9PuTb7\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">FSA and HSA Administrator Change FAQ<\/a> (PDF)<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>For information on which types of expenses can be paid for with HSA funds please see the websites below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"uwm-c-link--external\"><a href=\"https:\/\/www.healthcare.gov\/glossary\/health-savings-account-hsa\/\" target=\"_blank\" rel=\"noreferrer noopener\">HealthCare.gov Glossary Health Savings Account (HSA)<\/a><\/li>\n\n\n\n<li class=\"uwm-c-link--external\"><a href=\"https:\/\/www.irs.gov\/publications\/p502\" target=\"_blank\" rel=\"noreferrer noopener\">IRS Publication 502, Medical and Dental Expenses<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p class=\"size-p-md\"><strong>Source:<\/strong> <a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/spending-savings-accts\/hsa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Universities of Wisconsin Health Savings Accounts Overview<\/a><\/p>\n\n\n\n<hr class=\"has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-parking-and-transit-accounts\">Parking and Transit Accounts<\/h2>\n\n\n\n<div class=\"uwm-l-row\">\n<div class=\"uwm-l-col uwm-u-border--right\">\n<p>A parking account, or a transit account, allows you to set aside money on a pretax basis to pay for certain work-related parking or transit expenses. The money contributed to a parking account, or a transit account, may be carried over from one year to the next if the eligibility criteria are met.<\/p>\n\n\n\n<p>Carryover Eligibility Criteria:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Balances may be carried over as long as you remain an active employee on December 31st.<\/li>\n\n\n\n<li>To be eligible for carryover from 2025 to 2026, you must have a minimum balance of $50 in your account at the end of the run-out period (March 31, 2026), or re-enroll for the 2026 plan year.<\/li>\n<\/ul>\n\n\n\n<p>For more detail on parking and transit accounts, including eligibility requirements, contribution limits, how to enroll, and terms and conditions, please see the Universities of Wisconsin Parking and Transit Accounts Overview below.<\/p>\n<\/div>\n\n\n\n<div class=\"uwm-l-col\">\n<p>UW-Milwaukee\u2019s Transportation Services provides information on parking and transit options available to UWM employees.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/uwm.edu\/transportation\/\" target=\"_blank\" rel=\"noreferrer noopener\">UWM Transportation Services Main Page<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/uwm.edu\/transportation\/parking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Parking<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/uwm.edu\/transportation\/cvp\/\" target=\"_blank\" rel=\"noreferrer noopener\">Commuter Value Pass<\/a> (Bus Pass)<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>TASC is the administrator of the parking and transit accounts for the Universities of Wisconsin.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"uwm-c-link--external\"><a href=\"https:\/\/uba.tasconline.com\/login\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">TASC Log In page<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p class=\"size-p-md\"><strong>Source:<\/strong> <a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/spending-savings-accts\/parking-transit\/\" target=\"_blank\" rel=\"noreferrer noopener\">Universities of Wisconsin Parking and Transit Accounts Overview<\/a><\/p>\n\n\n\n<hr class=\"has-alpha-channel-opacity\" \/>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Flexible Spending Accounts (FSA) Source: Universities of Wisconsin Flexible Spending Accounts Overview Health Savings Account (HSA) Source: Universities of Wisconsin Health Savings Accounts Overview Parking and Transit Accounts Source: Universities of Wisconsin Parking and Transit Accounts Overview<\/p>\n","protected":false},"author":3280,"featured_media":0,"parent":52,"menu_order":11,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_tec_requires_first_save":true,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_tribe_blocks_recurrence_rules":"","_tribe_blocks_recurrence_description":"","_tribe_blocks_recurrence_exclusions":"","footnotes":"","uwm_wg_additional_authors":[]},"class_list":["post-1058","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/uwm.edu\/hr\/wp-json\/wp\/v2\/pages\/1058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uwm.edu\/hr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/uwm.edu\/hr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/uwm.edu\/hr\/wp-json\/wp\/v2\/users\/3280"}],"replies":[{"embeddable":true,"href":"https:\/\/uwm.edu\/hr\/wp-json\/wp\/v2\/comments?post=1058"}],"version-history":[{"count":13,"href":"https:\/\/uwm.edu\/hr\/wp-json\/wp\/v2\/pages\/1058\/revisions"}],"predecessor-version":[{"id":5529,"href":"https:\/\/uwm.edu\/hr\/wp-json\/wp\/v2\/pages\/1058\/revisions\/5529"}],"up":[{"embeddable":true,"href":"https:\/\/uwm.edu\/hr\/wp-json\/wp\/v2\/pages\/52"}],"wp:attachment":[{"href":"https:\/\/uwm.edu\/hr\/wp-json\/wp\/v2\/media?parent=1058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}