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Flex Credits Configuration Not Forfeiting Excess Flex Credits

edited Sep 5, 2020 12:10AM in Benefits 8 comments

Summary

Benefits Flex Credits Setup Gives Participants Full Amount of Credit (Not Forfeiting)

Content

Benefits flex credit amount is too high as the difference between the credit and the cost of the enrolled plan is not being subtracted. 

+736.00 Flex Credit
- 601.52 Medical Insurance
-     1.38 Admin Fee
+602.90 Amount that the Flex Credit Should Be (Issue:  Process is giving 736.00, and not forfeiting the medical insurance and fee)

Setup provides participants a $736.00 per pay period (bi-weekly paid in 1st two pay periods) flex credit to use for medical insurance enrollment for family coverage.  This amount uses an element CONTRIB ER and once enrollment is completed, this same amount shows up as employee earnings on the paycheck rather than a lower amount (cost of insurance and fee).  I.e. difference is not being forfeited.

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