What is the IU Tax Saver Benefit (TSB) Plan?

The TSB plan is an IU-sponsored benefit that allows you to use pre-tax salary to pay for certain medical expenses that are not covered by insurance. (You can also elect payroll deductions for dependent (day) care, but the TSB-HRA Card is not an option for these services.) Each year on your IU Open Enrollment benefit form (Section 6), you tell the university how much money to withhold from your paycheck during the tax year. This amount is divided equally among the paychecks you receive for the year. You do not pay taxes on this money, and it is put into an account for you to use for eligible medical expenses.  more