!!!Premium Calculation Method

This component determines how the premium amount will be calculated.

Choose the rule to be used as the ‘Premium Calculation Method’ rule.

||Rule||Description||Logic||Assoc.||Go to
|00|Use Value from UserCalc|Specify the name of the <User Calc> on the\\component.\\The usercalc must be of the type `Function`,\\with a return value of the type `Numeric`. Use\\the RET operator to return the numeric value.\\This value is interpreted by the component as a\\user provided premium amount.|\\|[B0660|BC-B0660]
|01|Use Value from Element|Specify the name of the <Element> on the component.\\The value of the element will be used as the\\premium amount.|\\|[B0660|BC-B0660]
|02|Use Premium Value on\\Enrollment|Use the premium amount from the employee’s\\current enrollment detail, or the <BC Value>\\specified in the component.\\The employee’s enrollment detail (IBEN) must\\be initialized with a \\value, either by conversion\\or manual input, or through the component\\value.|\\|[B0660|BC-B0660]
|03*|Use Premium Rate|Uses the premium rate from the Rates tab or\\B0600 as the premium amount.|[B0600|BC-B0600]|[B0660|BC-B0660]
|04|Premium Rate × Eligible\\Earnings|Multiplies the premium rate from the Rates tab\\or B0600 by the eligible earnings (B0360).|[B0600|BC-B0600]\\[B0360|BC-B0360]|[B0660|BC-B0660]
|05*|Premium Rate × Coverage\\Unit Value|Multiplies the premium rate from the Rates tab\\or B0600 by the coverage (B0470), and divides\\by the unit <BC Value> specified in component\\B0640.\\This rule is commonly used for life and disability\\plans.|[B0470|BC-B0470]\\[B0600|BC-B0600]\\[B0640|BC-B0640]\\[B0650|BC-B0650]|[B0660|BC-B0660]
|06|(Prem × (Covg <=\\Limit))+(Prem2 × (Covg >\\Limit))|Multiplies the premium rate from the Rates tab\\or B0600 by the coverage (B0470) less than or\\equal to the coverage limit specified in component\\B0650, plus it multiplies the premium2 rate\\(B0610) by the coverage (B0470) greater than\\the coverage limit specified in component\\B0650\\Used for `dual-rated` plans where the premium\\rate is one rate up to a certain level of coverage\\and another rate over and above that level.|[B0470|BC-B0470]\\[B0600|BC-B0600]\\[B0610|BC-B0610]\\[B0650|BC-B0650]|[B0660|BC-B0660]
|07|Premium Rate + Deduction\\+ Contribution|Uses the premium rate from the Rates tab or\\B0600 plus the employee deduction amount\\plus the employer contribution amount as the\\premium amount. Used by some self-insured\\plans.\\The Premium Rate may be zero (0), which must\\be entered on the Rates tab.\\When using this rule, the sequence numbers of\\the premium components B0600 to B0690 must\\be changed to calculate after the contribution\\component B0840 and the deduction component\\B1040 have already been calculated.\\Rule may be used for self-insured plans.|[B0600|BC-B0600]\\[B0610|BC-B0610]\\[B0620|BC-B0620]\\[B0660|BC-B0660]\\[B0670|BC-B0670]\\[B0680|BC-B0680]\\[B0690|BC-B0690]\\[B0840|BC-B0840]\\[B1040|BC-B1040]|[B0660|BC-B0660]
|08|Prem Rate × (Covg-SI\\Covg)/Unit Value (SI)|Multiplies the premium rate from the Rates tab\\or B0600 by the non self-insured amount of the\\coverage (B0470 minus the value of B0630),\\and divides by the unit <BC Value> specified in\\component B0640.\\Rule used for self-insured plans only.|[B0470|BC-B0470]\\[B0600|BC-B0600]\\[B0640|BC-B0640]\\[B0630|BC-B0630]|[B0660|BC-B0660]
|09|Prem Rate × (Covg-SI\\Perc)/Unit Value (SI)|Multiplies the premium rate from the Rates tab\\or B0600 by the non self-insured percentage of\\the coverage (B0470 minus the value of\\B0630), and divides by the unit <BC Value>\\specified in component B0640.\\Rule used for self-insured plans only.|[B0470|BC-B0470]\\[B0600|BC-B0600]\\[B0640|BC-B0640]\\[B0630|BC-B0630]|[B0660|BC-B0660]
|10|Premium Rate × Eligible\\Earnings / 100|Multiplies the premium rate from the Rates tab\\or B0600 by the eligible earnings (B0360)\\divided by 100. This allows the premium rate to\\be entered as a percentage not a decimal.\\Rule may be used for CALPERS plans.|[B0360|BC-B0360]\\[B0600|BC-B0600]|[B0660|BC-B0660]


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![Notes|Edit:Internal.BC-B0620] 	
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