Flex Fund Shortfall {optional}#
This component keeps track of any amount of the flex plan the employee tried to take but for which there is an insufficient flex credit balance. This component is only required when a flex system is based on points or credits rather than dollars, so any shortfall may be converted to an employee deduction amount.
If there is insufficient flex credit to cover the employee benefits, is this amount tracked?
Yes: Choose the rule to be used
No: Go to B1000
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01* | Capture Flex Fund Short- fall | Captures any portion of the contribution amount (B0840) for this coverage for which there was insufficient flex fund credit to cover the premium amount. | B0840 | B0945 |
Enter a pay component in the <PC Code> field if the result is to be viewed for Payroll processing or reporting.
The BC action must be ‘Store on Line & Enroll'.
If the Flex Fund Shortfall needs to be converted to a Pay Period Amount place the <PC Code> on B0945 instead.
This component must be added to the spending plan in order to collect the total amount or shortfall.