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GRCC GRAND RAPIDS COMMUNITYHEALTH SAVINGS ACCOUNT (Lake Michigan Credit Union) PAYROLL DEDUCTION FORMReturn this form to HR/Benefits Email: hrbenefits@grcc.edu Fax: (616) 2343907Employee NameEmployee
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How to fill out lmcu hsa payroll deduction
How to fill out lmcu hsa payroll deduction
01
Access your LMCU account online or through the mobile app.
02
Navigate to the payroll deduction section for your HSA account.
03
Enter the amount you want to contribute from each paycheck.
04
Verify the information and submit the payroll deduction request.
Who needs lmcu hsa payroll deduction?
01
Employees who want to save for healthcare expenses tax-free can benefit from LMCU HSA payroll deduction.
02
Employers who want to offer a convenient way for their employees to contribute to their HSA accounts can also use this service.
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What is lmcu hsa payroll deduction?
LMCU HSA payroll deduction is the process of automatically deducting funds from an employee's paycheck and depositing them into their Health Savings Account (HSA) with Lake Michigan Credit Union.
Who is required to file lmcu hsa payroll deduction?
Employers who offer HSA accounts through Lake Michigan Credit Union and have employees enrolled in the program are required to file lmcu HSA payroll deductions.
How to fill out lmcu hsa payroll deduction?
Employers must accurately report the deduction amounts for each employee on their payroll system or designated forms provided by Lake Michigan Credit Union.
What is the purpose of lmcu hsa payroll deduction?
The purpose of lmcu HSA payroll deduction is to help employees save for qualified medical expenses by making contributions to their HSA directly from their paycheck.
What information must be reported on lmcu hsa payroll deduction?
Employers must report the employee's name, HSA account number, deduction amount, and frequency of deductions on lmcu HSA payroll deduction forms.
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