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Contents of the Manage Employee Medical Care FSA Elections Screen

Use the fields and options to configure the Manage Employee Medical Care FSA Elections screen.

Medical Care FSA Election

Field Description
Employee

Enter, or click to select, the ID number of the employee in this required field. Costpoint validates your entry against data entered on the Manage Employee Information screen. The employee name displays in the field to the right.

Payroll Year

Enter, or click to select, the plan year for which you want to set up medical care FSA elections. Costpoint validates your entry against the Medical FSA Setup table. When you enter this year, the start date displays in the field to right, and the end date displays in the To field.

Details

Use the fields in this group box to enter the employee's election amount and deduction start date for the plan year.

Field Description
Election Amount

Enter the actual dollar amount this employee elected for medical care expenses for this plan year. You can enter a maximum of 99,999,999.99. This amount must be less than or equal to the plan year maximum amount for the year specified on the Manage Medical Care FSA Plan Year screen.

Start Date

Enter, or click to select, the date, in MM/DD/YYYY format, on which deductions of the election amount for this employee are to begin. The date must be within the date range of the plan year.

Carryover Amount

Enter the unused employee contribution amount in the previous plan year that can be used to reimburse claims on top of the election amount in this plan year. A value that is lesser between the previous year unused amount and maximum carryover amount defaults in this field for new records.

This field is available if the Allow Carryover of Unused Funds check box of the previous plan year is selected on the Manage Medical Care FSA Plan Year screen.

Limited Purpose FSA Select this check box to designate the FSA as limited purpose. When you select this check box, you may elect both a Medical FSA and HSA. You only reimburse for vision and dental expenses if you select this check box.

Subtask

Subtask Description
Update Deduction Click this link to display the Update Deduction subtask, in which you update the Employee Deductions table with the deduction amount for this employee's medical care FSA election. This subtask is enabled only when you have entered the Employee, Plan Year, Election Amount, and Start Date.