On Enrolment
When enrolling a new employee, the system allows for automatic balance proration by selecting the 'Prorated Balance' option during the balance setup. This feature calculates a prorated balance based on the number of days remaining in the benefit year from the employee's enrolment date. Here’s how it works:
The system determines the eligible amount per day based on the annual plan limit.
It then multiplies that daily amount by the number of days in the benefit year that the employee is eligible, ensuring their balance accurately reflects their enrollment date.
Alternatively, you may choose to allocate the full annual balance to the employee or apply a specific amount by manually editing their balance if there are particular requirements.
On Departure (Termination)
When an employee departs mid-year, the system does not automatically prorate the remaining balance to account for future ineligible days in the current benefit year. If you would like to adjust their balance based on a termination date, please contact our support team at support@getmyhsa.com. Let us know the specific balance adjustment you would like applied, and our team will assist you in implementing it accurately.