Tax Advantaged Accounts
Setting up HSAs, HRAs, healthcare FSAs, dependent care FSAs, and Commuter Benefits.
How are Federal IRS limits updated?
Federal IRS limits for HSAs and FSAs (healthcare, dependent care, and commuter) will be automatically updated in ALEX each year. This update usually...
Adding a Commuter Benefit
Navigate to Accounts>>Tax Savings>>Commuter Benefit>>Commuter Benefit 1. If you don't see a Commuter Benefit plan under the Commuter Benefit tab, yo...
Adding a Dependent Care FSA (DCFSA)
Navigate to Accounts>>Tax Savings>>Dependent Care FSA>>Dependent Care FSA 1. If you don't see a DCFSA plan under the DCFSA tab, you can add one by c...
Adding a Flexible Spending Account (FSA) or Limited Purpose Flexible Spending Account (LFSA)
Navigate to Accounts>>Healthcare FSA>>Healthcare FSA 1 to open the FSA and enter the account details. If you don't see an FSA under the Healthcare F...
Adding a Health Reimbursement Account (HRA)
Navigate to Insurance>>Medical>>HSAs and HRAs. If you don't already see an HSA/HRA plan present you can add one by clicking "+add new". Verify all t...
Adding a Health Savings Account (HSA)
Navigate to Insurance>>Medical>>HSAs and HRAs. If you don't already see an HSA/HRA plan present you can add one by clicking "+add new". Fill in the ...
Turning on the Tax Savings module
If your customer offers a Health Savings Account, Health Reimbursement Account (HRA), Flexible Spending Account (FSA), Dependent Care FSA (DCFSA), or ...
How to configure a Limited Purpose FSA
If a medical plan has a HSA and an FSA attached to the Tax Advantaged Accounts section, ALEX will automatically refer to the FSA as a Limited ...