Did you make a mistake, or did a member change their mind regarding their General Health FSA or Dental & Vision FSA (LP-FSA)? No worries! Here's how you can update initial funding amounts for after the benefit is active.
How to increase FSA & LP-FSA starting balances after the enrollment start date
Note for Partner Administrators
Select the desired organization from the Organizations tab before following the steps below.
Select the Contributions tab.
Select Create New Contribution
Select the Initial Funding contribution type.
Choose the date to make funds available to member(s).
Select Create Contributions.
Upload the Contributions spreadsheet with appropriate information.
Select Schedule Contributions.
Select Close.
About FSA & LP-FSA starting balances
Language Note
Annual elections are the sum of all funds an employee or employer will contribute for the plan year.
Annual election amounts for flexible spending accounts (FSAs) and limited-purpose flexible spending accounts (LP-FSA) are available to plan participants at the beginning of the plan year. (It's kinda like an employer distributing employee salaries on January 1st. Sign me up!)
To adjust a member's starting balance for a General Health FSA or Dental & Vision LP-FSA, provide the additional amount needed to match the total annual election amount when making an initial funding contribution.
Initial funding is additive (supplementary)
Making a manual Initial Funding contribution is only additive; it does not replace an existing initial contribution. For this reason, when manually making an initial funding contribution, include the additional amount that matches the desired annual amount.
Initial Funding Example
During benefits enrollment, Admin Anna set Mike’s FSA initial amounts as $10 initial employee deduction and $10 initial employer contribution. $10 + $10 = $20 initial funding
Anna messed up. Mike’s actual annual employee deduction is $100 and his annual employer contribution is $100 for a starting balance of $200. Here’s what she’ll do.
Starting Balance (Annual Election) - Original Initial Funding
$200 - $20
$180 = Manual Initial Funding
When uploading the Contributions spreadsheet, Anna will input $90 for the initial employee deduction and $90 for the initial employer contribution.
View current starting balances
The Total Initial Funding column on the benefit dashboard provides each program member's starting balance. For more detailed information, select the Overflow Menu for the desired member and then choose View Contributions.
Increasing automated, scheduled, and in-progress contributions
If you're reading this article to increase amounts after the benefit is active, it's likely too late for you to update an automated contribution batch, but here are some helpful reminders.
Timeline for automated contribution updates
Automated contribution amounts are updated and applied to the next contribution batch. The last date to update amounts for upcoming contributions is five (5) days before the pay date at 9:00 PM Central Time.
Increasing in-progress contributions
You cannot increase or cancel a contribution batch that is already in progress. Contact Support if you have any additional questions.
Increasing scheduled contributions
Our system doesn't allow direct edits to scheduled contributions to avoid duplicate errors, so you must cancel and reschedule them.
Tip for increasing scheduled contributions
Here's how:
Download the CSV for the scheduled contribution batch
Make updates to the Contributions spreadsheet
Cancel the original scheduled batch
Schedule a new batch with your updated CSV
Related articles on increasing contribution amounts
Are you unsure if this is the right article for you? Here's a list of related articles on updating contribution amounts.
| Starting Balance for FSAs & LP-FSAs | Initial Funding for Non- FSAs & LP-FSAs | Recurring Contributions for All Benefits |
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