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Administrator Guide
Last Updated: 2023-06-23
Example: Create a Deduction for Employer Contribution to a Health Savings Account (USA)

Example: Create a Deduction for Employer Contribution to a Health Savings Account (USA)

As a first step in calculating the cost of a health savings account plan, define a deduction for the employer contribution to a Health Savings Account (HSA) plan.
  • Create an HSA plan.
  • Security:
    Set Up: Payroll (Calculations - Payroll Specific)
     domain in the Core Payroll functional area.
  1. Access the
    Create Deduction
     task.
  2. Enter these settings:
    Option Description
    Name
    Employer Contribution to HSA
    Code
    HSA-ER
  3. Enter these settings on the
    Effective Dated
     tab:
    Option Description
    Effective Date
    Current date
    Worker Eligibility
    Employee Enrolled in Benefit Plan
    Calculation
    Benefits: Employer Cost
    Input Amount Allowed?
    Selected
  4. Enter these settings on the
    Non-Effective Dated
     tab:
    Option Description
    Groups
    Employer Paid Benefits [FRA GBR AUS CAN USA]
    Benefit Plans
    Select the relevant HSA plans.
The deduction is available for payroll processing upon the effective date.