Request to Prorate the HSA Employer Contribution Limits for New Hires Or Mid Year Enrollments
(Doc ID 973114.1)
Last updated on MAY 04, 2021
Applies to:PeopleSoft Enterprise HCM Benefits Administration - Version 9 and later
Information in this document applies to any platform.
If an employee is hired in January the Health Spending Account (HSA) contribution maximum for employee and employer contributions would be as defined on the HSA limit table. If a person were hired in April, the maximum would be a prorated value of the limit. The maximum amount for the HSA pledge should reduce by a value or a percentage each month of the year. This would apply to all participants enrolling mid year and not just new hires.
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