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HSA proration

edited May 2, 2024 2:29PM in Benefits 1 comment

Summary:

We have a scenario where in we want to prorate the HSA based on date of hire For Eg:

If the employee is hired in May and elects to have the minimum amount of credits allocated to their HSA ($100) then their monthly deduction would be calculated as follows:

$100 / remaining benefited cheques left in the year.

$100 / 7 months (June – Dec) = $14.28/month

Does anyone knows how we can achieve this via configuration. Currently our rate configuration is user entered amount.

Thanks,

Carine.

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