The spin excitation spectrum of optimally doped superconducting CaFe0.88Co0.12AsF (Tc similar to 22 K) was studied by means of time-of-flight (ToF) inelastic neutron scattering experiments on a powder sample for temperatures above and below Tc and energies up to 15 meV. In the superconducting state, the spin resonance signal is observed as an enhancement of spectral weight of particle hole excitations of approximately 1.5 times relative to normal state excitations. The resonance energy ER similar to 7 meV scales to T-c via 3.7 k(B)T(c) which is in reasonable agreement to the scaling relation reported for other Fe-based compositions. For energies below 5 meV the spectrum of spin flip particle hole excitations in the superconducting state exhibits a strong reduction in spectral weight, indicating the opening of the spin gap. Nonetheless, a complete suppression of magnetic response cannot be observed. In contrast, the normal state spin excitations are not gapped and strongly two dimensional spin fluctuations persist up to temperatures at least as high as 150 K.