Register today for Oracle CloudWorld. October 17th - 20th, Las Vegas

Register now

Hillel Cooperman, Senior VP of User Experience Design, has a message for you on Oracle CloudWorld

Watch now
FSA rate recalculating when 2 life events have same rate start date — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

FSA rate recalculating when 2 life events have same rate start date



My client is using standard functionality for Health Care FSA rate setup (calculation method = set annual rate equal to coverage' and 'use estimate only' on expected contributions on Annual Rates tab).

Example 1: An employee enrolls for Health Care FSA during Open for covg amount of $2,400. Paydates are semi-monthly so rate is calculating at $100/per pay period as expected. Employee has a mid-year QLE (doesn't make change to FSA), rate stays at $100. So this example is fine.

Example 2: Same as above--elects $2,400 during Open, $100/per pay period. BUT, if the employee has two life events during a month (i.e., salary change--4/4 occurred date and dependent loses coverage--4/8 occurred date--no changes to FSA)

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!