Will members of a benefit plan receive a set amount of contributions monthly or semi-monthly? If so, you can use recurring contributions.
How to set up recurring contributions
Note for Partner Administrators
Select the desired organization from the Organizations tab before following the steps below.
Select Benefits.
Select the appropriate benefit.*
Select Plan.
Under Funding Details, scroll down to Automated Recurring Benefit Funding and check the box for Yes.
Select your preferred contribution schedule and first contribution date.
Save your updates.
*Only available for pending benefits
Recurring contributions are only available for pending benefit plans. You cannot set up recurring contributions for active benefit plans.
Amounts based on enrollment info
Amounts for recurring contributions are based on the information provided during benefit enrollment.
Contribution schedules
The Contribution Schedule determines the frequency of recurring contributions. Monthly contributions are made once a month, while semi-monthly contributions are made twice a month.
First contribution date
Recurring contributions will not be made prior to the selected First Contribution Date. Please select your date accordingly.
Note on manual and initial contributions
You should not set up recurring contributions for a benefit plan if
You plan to make manual (one-time) contributions
Members will only receive a one-time, initial contribution.
General Health FSAs and LP-FSAs
For compliance reasons, recurring contributions can not be set up for either general health flexible spending accounts (FSAs) or limited purpose flexible spending accounts (LP-FSAs).