Premium/Coverage

Select the Premium/Coverage tab.

Premium Payment

Enter the premium payment amount that applies to this plan.

Age Rate Table

Indicate the table used if the calculation requires table values.

Per Coverage Dollars

Enter the amount of coverage that is paid for by the amount in the Monthly Premium field (data item PREP). For example, a premium charge can be defined as 30 USD for every 1000 USD of coverage. In this case, the monthly premium is 30, and the value in the Per Coverage Dollars field is 1000.

Maximum Premium Amount

Enter the maximum premium amount permitted.

Amount - Coverage

Enter the dollar amount of coverage that this plan provides to every employee enrolled in the plan.

Salary Factor

Enter a multiplier (factor) that the system uses to calculate the amount of coverage provided to an employee, based on the employee's salary.

For example, a salary factor of 2.0 indicates coverage for an employee in the amount of twice the employee's salary.

Rounding Amount

Enter the amount that the system uses to round the coverage dollars to the nearest whole number. For example, if the coverage dollars are 15,250 USD and you enter 1,000 in this field, the system rounds the coverage dollars to 16,000 USD.