Set Up Limits

Access the Allowed Increment form.

To set up maximum coverage increase limits:

1. On Work With Plan Master, click Find to display current benefit plans.

2. Select an indemnity benefit plan and click Select.

3. On Plan Master, click the Premium/Coverage tab and review these fields:

   • Premium Payment

   • Age Rate Table

   • Per Coverage Dollars

   • Maximum Premium Amount

   • Amount - Coverage

   • Salary Factor

   • Rounding Amount

4. Click Cancel to return to Work With Plan Master.

5. Select a benefit plan, and then select Allowed Increment from the Row menu.

6. On Allowed Increment, complete the Maximum Increase Amount field under Open Enrollment.

7. Complete the Maximum Increase Amount field under Current Enrollment.

8. Click OK.

9. Exit to the menu and select Categories by Benefit Group.

10. On Work With Benefit Groups, click Find to display existing employee benefit groups.

11. Select a benefit group and click Select.

12. On Categories By Benefit Group, select an indemnity benefit plan record such as Life Insurance Benefits, and then select Assign Plans from the Row menu.

13. On Plans Within Categories, select an employee benefit plan and then select Allowed Increment from the Row menu.

14. On Allowed Increment, complete the Maximum Increase Amount field under Open Enrollment.

15. Complete the Maximum Increase Amount field under Current Enrollment.

16. Click OK.

17. On Plans Within Categories, click OK.

    • Premium Payment

      Enter the premium payment amount that applies to this plan.

    • Age Rate Table

      Enter 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 thirty dollars for every thousand dollars of coverage. In this case, the monthly premium is 30, and the number 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 and you enter 1,000 in this field, the system rounds the coverage dollars to 16,000.

    • Maximum Increase Amount

      Enter the maximum increase of coverage that an employee can elect.