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.Use this screen to set up the actual plan year election amount for each employee who is participating in medical care flexible spending account plan. In addition, you can open the Update Deduction subtask from this screen to update the Employee Deductions table with the correct deduction amount for this election.
You cannot access this screen unless you selected the Medical Care Flexible Spending Accounts check box on the Configure Benefit Settings screen. Use this screen when you need to enter new employee elections for medical care flexible spending accounts, or when you need to update existing elections. You must set up medical care flexible spending account records before you can link them with employees on this screen.
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.
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.
Use the fields in this group box to enter the employee's election amount and deduction start date for the plan year.
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.
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.
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.
|
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. |