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Can you set up an automatic deduction to an HSA account (not using Alice)?
Hello, I have Alice activated for pre tax spending, but I also have an HSA account that I want to automatically put a set amount from each paycheck into. How do I set that up? I found in the payroll how to add a benefit, but it doesn't look like it automatically transfers the money to the HSA account. Do I need to manually transfer the funds from my personal account and just record the amount I transferred in the payroll system?
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You are correct that you will set up a benefit within your team member profile. We will exclude the HSA contribution from the gross pay calculations for tax purposes, but we do not send the funds to your HSA provider. We will leave the HSA funds in your bank account for you to transfer the funds to the provider, at this time.
Technical Program Manager: AI
Square Inc
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