Adjusting the FSA Carryover Amount
This topic describes how to adjust the FSA carryover amount.
The FSA carryover amount will have to be adjusted in the following scenarios:
For Base Benefits customers who do not use FSA Administration but want to keep a record of the carryover amount.
During the first year of an employee using FSA Administration and has a carryover amount being brought in from a third party system.
An employee needs to transfer a carryover amount from a different plan.
For claim adjustment for history FSA Plan Years which affects the carryover amount.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
FSA_CARRY_ADJUST |
Adjust the FSA carryover amount. |
Use the FSA Carryover Adjustment page to adjust FSA carryover amount.
Navigation
Benefits > Enroll in Benefits > Spending Account Adjustment US > FSA Carryover Adjustment
Image: FSA Carryover Adjustment page
This example illustrates the fields and controls on the FSA Carryover Adjustment page. You can find definitions for the fields and controls later on this page.
|
Field or Control |
Definition |
|---|---|
| Adjustment to Carryover Amount |
Enter the FSA carryover adjustment amount. |
| Balance after Adjustment |
View the adjusted carryover balance. |
Note: FSA carryover adjustment can be done only for the earliest open plan year. The adjusted current carryover balance will be displayed on the Year-to-Date Activity page of the earliest open plan year in the Carryover Balance field, and on the Year-to-Date Activity page of the following year under the Carryover Amount from Prior Year field.