Hello Everyone,
We have a requirement to configure the following benefit plans that will be enrolled in using ESS:
Personal Spending Account Type 1
Personal Spending Account Type 2
These plans are sub-plans of our Health and Dental plans. Our main health and dental plans have a variety of options and depending on what combination of plan options you select you are then granted dollar amounts to allocate to the personal spending accounts.
For example: if employee is enrolled in Health Plan A and Dental Plan E he has $200 to allocate to PSA1 and PSA2. The employee decides how to allocate the $200. Examples: $100 PSA1, $100 PSA2 or $25 PSA1 / $175 PSA2 or $0 PSA1 / $200 PSA2. The total allocation must equal the credited amount.
We know the basics on how to configure a benefit plan. However, we don't know how (of if it is possible) to derive the plan credit amounts that the employee can allocate. Has anyone set up plans like this before?
I appreciate any information that you can provide.
Regards,
Lisa