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!!!How Are The Year, Month, Period Costs Calculated?
!Q:23. How are the Year, Month, Period costs calculated?
A: 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.
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The system will first check to see what rate basis defines the costs by checking the 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 amount defined for the Open Enrollment type 'Pay Category'.
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!!Frequently Asked Questions - Benefit Self Service
[{InsertPage page='FAQ-BSS' section=2}]
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![Notes|Edit:Internal.YEAR_MONTH_PERIOD_COSTS_CALCULATED]
[{InsertPage page='Internal.YEAR_MONTH_PERIOD_COSTS_CALCULATED' default='Click to create a new notes page'}]