FSA Election Split
Apply separate caller-supplied caps to medical and dependent-care FSA elections.
Description
Medical and dependent-care FSA elections can be compared with separate supplied caps.
When to use FSA Election Split
Use this tool to apply separate caller-supplied caps to medical and dependent-care FSA elections.
Prepare the supplied policy terms, dates, assumptions or recorded indicators requested. Keep monetary amounts on one currency basis and select the applicable thresholds separately.
How to use FSA Election Split and understand its results
- Prepare the supplied policy terms, dates, assumptions or recorded indicators requested. Keep monetary amounts on one currency basis and select the applicable thresholds separately.
- Enter medicalElection, dependentCareElection, medicalCap, dependentCareCap using the field table and calculation rules, then run the tool.
- Read eligibleMedicalElection, eligibleDependentCareElection, excessElection, eligibleTotal. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| medicalElection | Medical FSA election | number; minimum: 0 | Required |
| dependentCareElection | Dependent-care FSA election | number; minimum: 0 | Required |
| medicalCap | Medical FSA cap | number; minimum: 0 | Required |
| dependentCareCap | Dependent-care FSA cap | number; minimum: 0 | Required |
Enter nonnegative elections and caps. Return eligible category amounts, combined eligible amount and total excess.
eligible_i=min(election_i,cap_i); excess=Σelections−Σeligible Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| eligibleMedicalElection | Eligible medical election | number; minimum: 0 |
| eligibleDependentCareElection | Eligible dependent-care election | number; minimum: 0 |
| excessElection | Combined election above supplied caps | number; minimum: 0 |
| eligibleTotal | Total eligible election | number; minimum: 0 |
{
"input": {
"medicalElection": 3000,
"dependentCareElection": 6000,
"medicalCap": 2500,
"dependentCareCap": 5000
},
"output": {
"eligibleMedicalElection": 2500,
"eligibleDependentCareElection": 5000,
"excessElection": 1500,
"eligibleTotal": 7500
}
}Limitations and assumptions
No current legal cap, filing status, employer plan, coordination or tax eligibility is checked.
Numeric inputs must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.
Alternative or Complementary methods
Use HSA Tax Savings: Estimate HSA contribution, payroll, and investment-growth tax savings. For a complementary task, use HSA Deductible Screen: Compare plan figures with caller-supplied HSA thresholds.
Further background: Publication 969: Health Savings Accounts and Other Tax-Favored Health Plans.
References
-
FSA Election Split — tool.io
-
Publication 969: Health Savings Accounts and Other Tax-Favored Health Plans — Internal Revenue Service
Similar or alternative tools
- HSA Tax Savings
Estimate HSA contribution, payroll, and investment-growth tax savings.
- HSA Deductible Screen
Compare plan figures with caller-supplied HSA thresholds.