Mid-Year Flexible Spending Account (FSA) Conversion
Looking for feedback on the various ways people have accommodated for mid-year Conversions of Flexible Spending Account enrollments.
I've never really found a great method for this scenario and looking for what other experts have done; including if it worked well and you would suggest it OR any methods that turned out bad. Has anyone ever used a different setting in Expected Contributions and/or the Claims Compare and Compensation Level settings? I can't find any documentation on these either.
In this specific scenario, the plan year for the FSA plans is March 1st to April 30th. Effective Date for the Conversion will be November 1. Oracle Payroll is in-use.