1. Implementing Benefits
  2. Configure the Display of FSA and HSA Calculators

Configure the Display of FSA and HSA Calculators

Here's a table that lists the extensible lookups you need to configure to set the annual contribution limit for your participants for each year.

Also, you need to set the currency to USD in the user's preferences page.
Lookup Code Meaning
ORA_BEN_HSA_SINGLE To set annual contribution limit for HSA when HSA Plan Type is selected as Single.
ORA_BEN_HSA_FAMILY To set annual contribution limit for HSA when HSA Plan Type is selected as Family.
ORA_BEN_DEPENDENT_CARE_FSA To set annual contribution limit for Dependent Care FSA.
ORA_BEN_HEALTH_CARE_FSA To set annual contribution limit for Health Care FSA.
For example, here’s how you set $2,700 as the limit for Dependent Care FSA for the year 2022:
  1. Select the Manage Common Lookups task in the Setup and Maintenance work area.
  2. Search for ORA_BEN_DEPENDENT_CARE_FSA.
  3. Add a new row in the Lookup Codes section.
  4. Enter 2022 as the Lookup Code.
  5. Select the Enabled check box. Note that the lookup start and end dates have no effect on these calculators as you can have only one annual contribution limit per year.
  6. Enter the annual limit in the Meaning column.
  7. Click Save.

Make sure that you add a lookup code for the current year to get accurate estimates. Lookup codes must be unique. Every new year, depending on whether the annual contribution limit changes or remains the same, you need to decide how to maintain the lookup. If the limit has changed for the new year, you can add a new lookup code. However, if you want to retain the old limit in the new year, you can edit the lookup and keep the new limit in the Description field and the old limit in the Meaning field. The description field value takes precedence over the value in the Meaning field. Ensure that both the Meaning and Description fields have different limit values.

For example, the limit is USD 2700 for the year 2023 and you have a lookup code for this limit. If the limit remains the same in year 2024, it’s easier if you delete the lookup code for 2023 and then add a new code for 2024. If you want to keep both the records in the application, use USD 2700 in the Description field for 2024 and the Meaning value can be anything other than as that of year 2023.