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
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- From the Navigation Pane, select Setup, Employees, and Insurance Plans.
- Highlight and detail the benefit plans to be changed.
- 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.
- To change the rate table from Navigation Pane, select, Setup, Employees, Rate Table Setup.
- Highlight and detail the Rate table and make the necessary changes on the Rate Table Tab.
- Apply change.