This page (revision-8) was last changed on 26-Nov-2021 10:22 by jmyers

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HOW ARE COSTS CALCULATED IN OPEN ENROLLMENT
HOW ARE COSTS CALCULATED IN OPEN ENROLLMENT

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[{TableOfContents }]
!!!HOW ARE COSTS CALCULATED IN OPEN ENROLLMENT
The system will first check to see which rate basis the costs are using by checking the [Rate Basis|RATE_BASIS] field in the Coverage Details of [IBPN]. Using that basis, the system will first calculate the annual cost and then calculate the monthly cost. To determine the period costs, the system will use the [Times Per Year|TIMES_PER_YEAR] amount defined for the Open Enrollment type pay category.
The system will first check to see what Rate Basis the costs are by checking the [Rate Basis|RATE_BASIS] field in the Coverage Details of [IBPN]. Using that basis, the system will first calculate the annual cost and will then calculate the monthly cost. To determine the period costs the system will use the [Times Per Year|TIMES_PER_YEAR] amount defined for the Open Enrollment type Pay Category.
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%%information In order for the period cost calculations to work correctly, you will need to set up a pay category in [IPPGU] with a Pay Category type of 'Open Enrollment'. After setting this up, that catagory needs to be added to the frequency or frequencies in [IPPF] that are used by Benefits.%%
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!!Scenario: EE Deduction Rate of 22.60, Frequency is Bi-weekly (Times Per Year is 24)
!Scenario: EE Deduction Rate of 22.60, Frequency is Bi-weekly (Times Per Year is 24)
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!!Scenario: EE Deduction Rate of 22.60, Frequency is Bi-Weekly (Times Per Year is 26)
!Scenario: EE Deduction Rate of 22.60, Frequency is Bi-Weekly (Times Per Year is 26)
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!!Scenario: EE Deduction Rate of 22.60, Frequency is Once A Month (Times Per Year is 12)
!Scenario: EE Deduction Rate of 22.60, Frequency is Once A Month (Times Per Year is 12)
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![Notes|Edit:Internal.HOW ARE COSTS CALCULATED IN OPEN ENROLLMENT]
[{InsertPage page='Internal.HOW ARE COSTS CALCULATED IN OPEN ENROLLMENT' default='Click to create a new notes page'}]
![Notes|Edit:Internal.HOW+ARE+COSTS+CALCULATED+IN+OPEN+ENROLLMENT]
[{InsertPage page='Internal.HOW+ARE+COSTS+CALCULATED+IN+OPEN+ENROLLMENT' default='Click to create a new notes page'}]
This page (revision-8) was last changed on 26-Nov-2021 10:22 by jmyersTop