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Does Oracle deliver IRS limits for FSA and HSA?

in Payroll and Global Payroll Interface (GPI) 5 comments

Summary:

We have flexible spending accounts (FSA) and health savings accounts (HSA) implemented in our HCM benefits/payroll modules. When we tested these elements in a payroll, we were expecting the IRS limits to kick in and stop the deductions. Are you aware of any IRS limits setup for an FSA or HSA in HCM?

Content (required):

We have flexible spending accounts (FSA) and health savings accounts (HSA) implemented in our HCM benefits/payroll modules. When we tested these elements in a payroll, we were expecting the IRS limits to kick in and stop the deductions. Are you aware of any IRS limits setup for an FSA or HSA in HCM? We have used delivered functionality, delivered fast formulas, delivered primary and secondary classifications on our elements so we figured if there was a limit delivered, we would have seen it implemented in our testing. Maybe we missed some configuration or maybe these IRS limits are not delivered in

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