Medical FSA

Use the Medical FSA application to view an existing record or add a new record.

When do I use the Medical FSA screen?

The Medical FSA screen displays the current and new annual contribution and pay frequency amount, allowing you to choose a new election amount during the Benefits Enrollment or Life Events/New Hires process.

Medical FSA

Current Annual Contribution

This field displays the annual contribution election.

Current <Frequency>

This field displays the elected per pay period deduction amount.

New Annual Contribution

Enter a new annual contribution amount.  The text below the  table states the maximum annual amount that you can contribute: "You may enter a New Annual Contribution amount up to <maximum amount displays here>."

When you tab out of the New Annual Contribution field or select the Save button, the system calculates the New <Frequency> amount for you.  The system will make sure that the New Annual Contribution amount does not exceed the annual maximum medical FSA amount that is entered in Costpoint’s Medical FSA Set Up screen.  If the amount you entered exceeds this amount, the system will display the following error message: "Your New Annual Contribution amount must not exceed the maximum calendar year Medical FSA amount of < maximum amount displays here>."

New <Frequency>

Enter the pay period deduction amount.  If you do not wish to participate in the Medical FSA plan, you must enter "0.00" in the New <Frequency> field.

When you tab out of the New <Frequency> field or select the Save button, the system calculates the New Annual Contribution amount.

FSA Worksheet

Click FSA Worksheet to estimate, by category, the amounts for unreimbursed medical expenses you plan to set aside for the new calendar year.  

Exit Life Event

Select this button to return to the splash screen.

Back

Select this button to return to the previous page.

Come Back Later

Select this button to update the database with a placeholder and proceed to the next screen/page.  Then you can revisit the Life Events/New Hires process at a later time to complete the pages that have a "Come Back Later" status.

No Change

Select this button to leave your benefit election(s) "as is" and proceed to the next screen/page.

Save

Select this button to update the database with your changes and proceed to the next screen/page.