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Sample Benefit Plans

Add the Group Benefit Plan

Use the following steps to add a group benefit plan.

  1. Select Setup > Employees > Benefits > Insurance Plans.
  2. Select DEU (or DEC for Canadian sample data) from the Employer list on the Benefit Insurance Plans page. Click Add. The setup interview dialog box displays.
  3. Click No. The Benefits Insurance Plans Detail page opens.
  4. Enter HMO 2007 as the Code, enter ABC Plan as the Description.
  5. On the General tab, select Medical from the Benefit Type list.
    1. Select Monthly as the Employee Contribution Frequency.
    2. This HMO medical benefit is Continuable under COBRA, so check the box.
  6. Click the Coverage tab. This HMO is not an insurance policy, so leave the Coverage field blank.
  7. Click the Employee Premium tab. Since the HMO charges $100 for each enrolled employee, enter 100 in the Monthly Employee Premium field.
  8. Click the Dependent Premium tab. Since the HMO1 rate table you just created is for dependent premiums, locate it in the list of Available Rate Tables and double-click it to select it. Sage HRMS displays it in the Monthly Employee Premium field.
  9. Click the Employee Contribution tab. Well use an expression for the amount the employee must contribute.
  10. Enter the following expression to add 75% of the dependent premium to half of the employee premium:
    (BE.B_EPREMIUM*.5)+(BE.B_DPREMIUM*.75)
  11. Notice that the frequency at which the employee contributes carries over from the selection you made on the General tab.
  12. Click the Standard Eligibility tab. The following steps define eligibility requirements for our sample insurance plan: only Regular Full-Time employees who work at least 40 hours a week are eligible.
  13. Accept the default Salary and Hourly for our example.
  14. Select Regular Full Time for our example.
  15. For our example, enter 0.00. This means there is no minimum age requirement.
  16. For our example, enter 40.00 in this field.
  17. Accept the default of 0 for our example.
  18. For our example, select Original Hire Date, Day, and 0 months. This means if the employee was hired on September 5, 2016, this life insurance plan will start on the same day (9/5/16).
  19. Check the Automatically Add To Eligible Employees box.
  20. Click OK.

Published: May 17, 2017
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