Example: Create a Health Savings Account Total Pay Accumulation (USA)
As a final step in calculating Health Savings Account (HSA) costs, create an HSA Total pay
accumulation for use in payroll processing.
- Create HSA deductions.
- Security:Set Up: Payroll (Calculations - Payroll Specific)domain in the Core Payroll functional area.
- Access theCreate Pay Accumulationtask.
- Enter these settings:
Option Description NameHealth Savings Account Total Contributions: EE + ERCodeHSA-EE-ER - Enter these settings on theAdd and Subtract Calculationstab:
Option Description Deductions- Employer Contribution to a Health Savings Account
- Employee Contribution to a Health Savings Account
- Enter these settings on theCalculate/Display Exceptionstab:
Option Description OptionCalculate and display only if specified Earning/Deduction exists
The pay accumulation is available for payroll processing upon the effective date.