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FSA/HSA Setup for Accurate YTD Deductions
Summary
Best practice for FSA/HSA setup for accurate YTD DeductionsContent
Does anyone have any tips n tricks, thoughts, suggestions, or guidance to provide on FSA/HSA setup to accurately calculate colleague's annual election to YTD deduction without manual intervention? Every year we must manually adjust several hundred records to either: (1) true the employee deduction to reduce the YTD amount of the deduction because the deduction would EXCEED the annual election whether or not this election is the regulatory max allowed for the plan (2) OR we must manually adjust the deduction because the YTD amount is SHORT the annual amount elected by the colleague.
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