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  #11  
Old 03-08-2018, 09:35 AM
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What happens if they don't figure it out and you end up going over?

Asking for a friend.
You have to ask your HSA administrator for a return of excess contribution. It's a different form, and coded differently than a "normal" withdrawal.
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  #12  
Old 03-08-2018, 09:43 AM
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First year I fully max out my contribution and they reduce the cap!?
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  #13  
Old 03-08-2018, 09:48 AM
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First year I fully max out my contribution and they reduce the cap!?
Look at the bright side, that's an extra $50 minus taxes in your take home pay imo.

Spread out in $2 increments over a year.

Big money imo.
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  #14  
Old 03-08-2018, 10:15 AM
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What happens if they don't figure it out and you end up going over?

Asking for a friend.
Yeah, what sort of "penalties" will apply if people put in $50 too much?
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  #15  
Old 03-08-2018, 10:31 AM
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Yeah, what sort of "penalties" will apply if people put in $50 too much?
6% excise penalties each year on the overage if not removed. Serious annoyance in having to fill out the forms for it, way worse than the 6% on $50
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  #16  
Old 03-08-2018, 11:21 AM
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6% excise penalties each year on the overage if not removed. Serious annoyance in having to fill out the forms for it, way worse than the 6% on $50
Gotya. Thanks.
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And def agree w/ JMO.
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This. And everything else JMO wrote.
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Yup, it is always someone else's fault.
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I feel like ERM is 90% buzzwords, and that the underlying agenda is to make sure at least one of your Corporate Officers is not dumb.
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  #17  
Old 03-10-2018, 11:39 PM
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Lol got an email from HR today...I have to make the adjustment myself these clowns can't just cut me off when I reach the max. Wtf
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  #18  
Old 03-15-2018, 11:14 AM
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Not only that, the portal they make us use doesn't work correctly. You have the choice of entering an annual contribution or a per-check one and whatever one you enter, it calculates the other for you. Except it gets the calculation wrong no matter what you enter.
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  #19  
Old 03-15-2018, 01:44 PM
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Not only that, the portal they make us use doesn't work correctly. You have the choice of entering an annual contribution or a per-check one and whatever one you enter, it calculates the other for you. Except it gets the calculation wrong no matter what you enter.
Is it only using remaining pay periods? Maybe the system is counting one less or one more than you are? Or maybe it's using total pay periods and since you can't adjust prior payments it's just hosed?
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  #20  
Old 03-16-2018, 11:10 AM
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Is it only using remaining pay periods? Maybe the system is counting one less or one more than you are? Or maybe it's using total pay periods and since you can't adjust prior payments it's just hosed?
It was counting remaining pay periods correctly.

It had my contributions YTD wrong, at least vs my pay stubs.

When I corrected for that, it was also being thrown off by the employer seed somehow because that was the exact difference.

I just went with what i knew to be the correct new per-pay contribution and ignored the new total.
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