Example: Health Savings Account with Limits (USA)
Create separate deductions to calculate employer and employee contributions to a Health Savings
Account (HSA) plan. Configure a cumulative limit that applies to the sum of the
employee and employer amounts. Create a pay accumulation that includes both
deductions.
Create a Health Savings Account (HSA) plan.
- Define a deduction for employer contribution to an HSA plan.
- Define a deduction for employee contribution to an HSA plan.
- Create an HSA Total pay accumulation.
Workday:
- Calculates the employer contribution to the HSA.
- Retrieves the employer contribution, then calculates the employee contribution up to the limit.
Add the deductions to the
Additional Pay Component(s) to Calculate
field
on the Maintain Run Categories
task.