Help with Reduction in FSA Annual Elections for 2020

Summary

Help with Reduction in FSA Annual Elections for 2020

Content

The IRS is allowing employees to change their Flexible Spending Account balances due to COVID-19.   We are having an issue reducing the amount for our hourly employee and I was wondering how others are handling this.  Currently the Pay Period deduction is calculated on the payroll side (we pass the Annual Amount to payroll and there is a fast formula tied to the element that looks at the Annual Amount - YTD deducted / # pay period remaining in the year).  This means the actual pay period amount is off on the Benefits side.  Benefits thinks the employee had $800 deducted already