Ways to Create Benefit Rates

You can create and edit benefits standard rates using many methods.

Here's the list of methods:

• Create rates for plans or options during program and plan quick create.

• Create rates using the Manage Benefit Rates task in the Plan Configuration work area.

• Create rates in the plan configuration integrated workbook.

• Edit rates in the Edit Rates integrated workbook.

• Copy rates to additional legal employers.

Creating Rates with Quick Create Program and Plan

You can create rates that use the flat amount calculation method for plans with or without options. Enter employer and participant costs using Quick Create Program or Quick Create Plan. Click Quick Create Program or Quick Create Plan in the programs or plans Search Results section.

When you save the program or plan, the save process:

• Creates the rates based on the cost values that you entered. You can't name the rates using your own naming conventions. With the quick create methods, the save process automatically creates the rate name when it creates the rate.

• Sets the rates usage to Standard and the calculation method to Flat Amount for each cost

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You can edit these new rates after searching for them on the Manage Benefit Rates page, Standard Rates tab.

Creating Rates with the Manage Benefit Rates Task

You can create standard rates based on flat amounts or other calculation methods. Calculation methods include multiple of coverage or multiple of compensation, as well as calculate for enrollment formula.

Use the Manage Benefit Rates task to create the standard rate and specify:

• The calculation method

• Payroll and processing information

• Extra inputs

• Partial month determination

• Annual rates

Creating Rates in the Plan Integrated Workbook

Create rates that use the flat amount calculation method when you create plans with or without options using the benefit plans integrated workbook. Upload processing is the same as when you save the quick create plan. To generate the workbook, click Prepare in Workbook on the plans Search Results section. Then enter plan and option details, including employer and participant costs.

Editing Rates in the Edit Rates Integrated Workbook

On the Manage Rates page, use the Edit Rates workbook to edit many existing rates at once, for example, to reflect annual changes in contribution.

• Download and edit standard rates for only one calculation method at a time.

• Edit standard rates only.

• You can't use the workbook to associate variable rate profiles with standard rates.

Copying Rates for Additional Legal Employers

Rather than creating the same rates for multiple legal employers, you can create them once, then duplicate them for use by additional legal employers.

Use the Manage Benefit Rates task to search for the standard rate that you want to use for additional legal employers:

1. Click the Duplicate button for the rate to open the Duplicate dialog box.

2. Select and add the legal employers to which you want to copy the standard rate.