This article answers whether you can customize the frequency of contributions to various benefit accounts (HRA, LSA, FSA, DCFSA, MTA, and Commuter Accounts) through Lively's system.
You can customize contribution schedules for some accounts, but others have set schedules based on how benefits are administered.
HRA (Health Reimbursement Account)
- Customizing contribution frequency depends on how the benefit is set up.
- If the full HRA benefit is made available on the first day of the year, you cannot customize contribution frequency in Lively’s system
- If you manage HRA balances via contribution files, you can send files on any schedule, and Lively will process them accordingly.
LSA (Lifestyle Spending Account)
- Similar to the HRA, customizing contribution frequency depends on the setup.
- If the full LSA benefit is available on the first day of the year, you cannot customize contribution frequency in Lively’s system.
- If you manage the LSA balance via contribution files, you can submit them on any schedule, and Lively will process them accordingly.
FSA (Flexible Spending Account)
- FSA benefits are fully available on the first day of the plan year, meaning you cannot customize contribution frequency in Lively's system.
DCFSA (Dependent Care FSA)
- You can fully customize how frequently you make contributions to a DCFSA using Lively's system.
- If you use the employer dashboard’s assumed deduction feature, you can customize the payroll schedule for posting DCFSA contributions to match your payroll schedule.
- If you manage contributions via file submission, you can send files on any schedule, and Lively will process them as instructed.
MTA (Medical Transit Account)
- MTA benefits are fully available on the first day of the year, and you cannot customize the contribution schedule in Lively's system.
Commuter Accounts
- Customizing contribution frequency depends on how the benefit is set up.
- If Lively manages the election process for commuter accounts, contributions will be made on a monthly basis, and you cannot customize contribution frequency in Lively’s system
- If you manage the commuter account balance via contribution files, you can submit them on any schedule, and Lively will process them accordingly.