This article explains the steps for setting up recurring employee and employer contributions to an employee's Health Savings Account (HSA) from the Lively Employer Dashboard.
Question(s):
How do I set my recurring contribution to an employee's HSA?
Answer:
To set recurring HSA contributions, log into the employer dashboard and either set the employee’s recurring payroll contribution or establish employer contributions through defined contribution categories.
Steps
For Employee Recurring Contributions
- Log into the employer dashboard.
- Go to the "Employees" page and select the employee whose HSA contribution you want to modify.
- On the plan overview card, confirm that the HSA is selected for that employee.
- Click the "Edit" button next to "Employee Recurring Contribution."
- In the pop-up modal, designate the contribution amount and the payroll to apply the change to.
- For changes starting with the next payroll, the update will take effect with that payroll.
- For a future payroll, the current contribution remains until the chosen payroll date.
For Employer Recurring Contributions
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Work with your CSM or CSA team member to establish contribution categories.
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Once the contribution categories are set, go to the "Contributions and Elections" page in the employer dashboard.
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Click the "HSA Contributions" tab and select "Manage Employer Contributions."
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Click "Add a Recurring Contribution," then choose the payroll schedule and contribution category from the drop down in the modal.Enter individual and family contribution amounts per pay period in the modal and click "Confirm."
- Recurring employer contributions are automatically assigned to employees based on their contribution category, payroll schedule, and coverage tier (individual or family).
Note: If you use direct deposit or a contribution file, you cannot assign recurring contributions to your employees.
Common Issues/Troubleshooting:
- If you cannot locate the "Employee Recurring Contribution" option, ensure the HSA plan is selected for that employee.
- If the contribution change does not take effect, check the payroll date selected during setup.