FSA/HRA: Employer Funding Transaction Dates Simplified

To improve the bank reconciliation process for co-ops that offer flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), a change has been made to the employer funding reports that show claims transactions.

Previously, check and electronic funds transfer (EFT) transactions that were processed on the same day would be shown on two different days’ employer funding reports, with different effective dates.

As of today, the effective dates of checks and EFTs that are processed on the same day will be in sync.

To assist with your co-op’s monthly reconciliation for claim reimbursement and co-op bank funding, you can use the following reports:

• Employer Funding Notification – Daily
• Employer Funding Notification – Monthly
• Repayments Report

A Quick Reference Guide is available to help you determine which FSA/HRA reports to use and where to find them online.

If you have questions, please contact CBA at 402.483.9385.