Posted by: danielrashke | May 6, 2016

TASC and Innovation

The Greek philosopher Aristotle is known to have said “the whole is greater than the sum of its parts.” And while I know he wasn’t talking about TASC, that philosophy certainly rings true here. Without a doubt, our continued success has been possible thanks to the combined efforts of our separate “parts.”

Pivotal to our team of innovative thinkers and doers is Chief Development Officer (CDO) Pam Reynolds. Most recently are her efforts and involvement in card technology and innovation. For the second time in three years TASC has been recognized by our industry for continued innovation and transformation. In 2014, we were recognized as an Innovator by the Institute of Healthcare Consumerism (IHCC). Specifically, Pam was recognized for outstanding leadership and innovative healthcare benefit solutions.

Director of PR Bruce Stein, CDO Pam Reynolds and Service Model Manager Maureen Maddox with TASC’s Paybefore Award.

Just this year, Paybefore honored TASC with the 2016 Best-in-Category award for Best Health Benefits Delivery. Once again the award judging panel recognized our work on the forward-thinking TASC Card. It’s a multi-purpose revolution… Paying for eligible healthcare expenses takes a simple swipe of the card. And Flexible Spending Account (FSA) reimbursements—for eligible out-of-pocket healthcare expenses paid without the Card—are deposited automatically in the card’s separate “MyCash” account, to be used for non-FSA purchases anywhere. This unique double feature has already been expanded to accommodate participant donations to their favorite charities. When bestowing the award Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel, remarked “We’re proud to recognize TASC’s contributions to advancing electronic payments.”

Innovation is at the very core of the way we do business at TASC, and has been since our conception back in 1975. Doubters said we couldn’t bring tax deductible health benefits to the self-employed. Our response? We developed AgriPlan and BizPlan, and both are still going strong. And while our many innovations through the years are too hefty to list in this blog, it bears noting that in the 1990s we were the very first to process FSA (flexible spending account) claims on a daily basis…

Yes, we process claims. Of course we adjudicate health benefit transmittals. Of course we make sure our customers are compliant with IRS rules and regulations. We do all of these things, and the doing is of utmost importance to us. But we bring an innovator’s mindset to what we do. We are constantly searching for new methods and new services to help protect our customers’ business, improve their bottom line, and foster their peace of mind. And we will never stop.


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