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Update insurance benefit plan rates

Created on  | Last modified on 

Summary

Update insurance benefit plan rates Change the employee medical premium

Description

Note: All benefit Insurance plans should have applicable values for the fields listed below for the 'Update Benefits' function to process correctly.

  • Plan Is In Effect From/To date fields
  • Current Amounts Went Into Effect On Date field

Note: All employee assigned benefit plans should have applicable values for the fields listed below for the 'Update Benefits' function to process correctly.

  • Employee Coverage Begins Date field
  • Employee Coverage Ends Date field
  • Latest Change to Amounts Date field

Resolution

CAUTION: Use caution when working with the below product functionality. Always create a backup of your data before proceeding with advanced solutions. If necessary, seek the assistance of a qualified Sage business partner, network administrator, or Sage customer support analyst.



  1. From the Navigation Pane, select Setup, Employees, and Insurance Plans.
  2. Highlight and detail the benefit plans to be changed.
  3. Select the Employee Premium Tab, Dependent Premium Tab and the Employee Contribution Tab and make the necessary adjustments to the rates.

If the rate is calculated by using a rate table, make the corrections on the specific rate table.

  1. To change the rate table from Navigation Pane, select, Setup, Employees, Rate Table Setup.
  2. Highlight and detail the Rate table and make the necessary changes on the Rate Table Tab.
  3. Apply change.