Flexible Spending Account (FSA) Amount is Prorating Over Full Year Instead of Remaining Payroll Periods if Enrolling Mid-Year
(Doc ID 168099.1)
Last updated on MAY 16, 2023
Applies to:
Oracle Advanced Benefits - Version 11.5.10.2 and laterInformation in this document applies to any platform.
FORM:BENEFXEB.FMB - Flex Program Enrollment
FORM:BENENFEB.FMB - Non-Flex Program Enrollment
Symptoms
The Flexible Spending Account (FSA) amount is prorating over the full year instead of the remaining pay periods when enrolling mid-year.
Employee (Participant) coverage for the Flexible Spending Account begins on a date during the course of the year (other than January 1).
The amount entered for FSA should pro-rate for the remaining number of pay periods in the year.
Changes
In this example, the employee coverage for FSA begins August 1st and the employee is attached to a biweekly payroll cycle. An annual amount of $1800 is entered.
- Calculated monthly defined amount populates at $150 (which is $1800/12) instead of $360 ($1800/5 full remaining months).
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |