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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The system will first check to see what Rate Basis the costs are by checking the 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 amount defined for the Open Enrollment type Pay Category.
[{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.
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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'}]
This page (revision-8) was last changed on 26-Nov-2021 10:22 by jmyersTop