Ways to Create Benefit Variable Rates

You can create and edit variable rates using many methods.

Here's the list of methods:

• Create variable rate profiles and attach them to a standard rate.

• Create variable formulas and attach them to a standard rate.

• Use an integrated workbook to create and attach variable rate profiles.

• Copy variable rates when you duplicate the associated standard rates for additional legal employers.

Creating and Attaching Variable Rate Profiles

To create variable rates, you first create variable rate profiles and then associate them with standard rates using the Manage Benefit Rates task.

You can create variable rate profiles based on:

• Flat amounts

• Calculation methods, such as multiple of coverage or compensation and coverage

• Fast formula created with Calculate for Enrollment formula type.

You must also specify:

• A treatment rule to add to, multiple by, replace, or subtract from the standard rate associated with the profile

• An eligibility profile that identifies who is or is not eligible for the variable rate

Creating and Attaching Variable Formulas

Follow these steps:

1. To base a variable rate on a complex calculation: Define one or more fast formulas to compute the rate, using the Rate Value Calculation formula type. Use the Manage Fast Formulas task in the Setup and Maintenance work area.

2. Associate the formulas with the standard rate in the Variable Rates section, Variable Formulas tab.

Creating Variable Rates in the Integrated Workbook

You can use the integrated workbook on the Variable Rate Profiles page to:

• Create and upload multiple variable rate profiles at one time.

• Associate variable rate profiles with existing standard rates and upload the changes.

You must upload new variable rate profiles to the application database before you can associate them with standard rates in the workbook.