Contribution Calculation Method#
This component determines how the contribution amount will be calculated.
Choose the rule that is used as the ‘Contribution 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 contribution amount. | B0820 | |
| 01 | Use Value from Element | Specify the name of the <Element> on the component. The value of the element will be used as the contribution amount. | B0820 | |
| 02 | Use Contribution Amt on Enrollment | Use the contribution 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. | B0820 | |
| 03* | Use Contribution Rate | Uses the contribution rate from the Rates tab or B0800 as the contribution amount. | B0800 | B0820 |
| 04* | Use Premium Amount | Uses the whole premium amount (B0680) as the contribution amount. Rule used when the employer pays the total premium. | B0800 | B0820 |
| 05* | Use Percentage of Pre- mium Amount | Specify the <BC Value> on the component. Uses the specified value as a percentage to apply to the premium amount (B0680) as the contribution amount. Rule used when only a percentage of the premium is paid by the employer. | B0680 | B0820 |
| 06 | Premium Amt less EE Deduction | Uses the difference between the premium amount (B0680) and the employee deduction (B1040) as the contribution amount. When using this rule, the sequence numbers of the contribution components B0800 to B0850 must be changed to calculate after the deduction component B1040 has already been calculated. | B0680 B0800 B0810 B0820 B0830 B0840 B0850 B1040 | B0820 |
| 07 | Take from Flex Fund | Takes the premium amount from the flex fund on the Rates tab Rule used on any plan within a flexible benefit program. | B0820 | |
| 08 | Flex Fund Credit Amount | Supplies the flex fund credit amount. Rule used only on the flexible benefit plan. | B0820 | |
| 09 | Contribution Rate + Admin Fee (SI) | Uses the contribution rate from the Rates tab or B0800 plus the administration fee as the contribution amount. Rule may be used for self-insured plans only. | B0730 B0800 | B0820 |
| 10 | Percentage of Prem Amt + Admin Fee (SI) | Specify the <BC Value> on the component. Uses the specified value as a percentage to apply to the premium amount (B0680) plus the administration fee (B0730) as the contribution amount. Rule used for self-insured plans only. | B0680 B0730 | B0820 |
| 11 | Percentage of Eligible Earnings | The contribution (B0800) divided by 100 multiplied by the Eligible Earnings (B0360) | B0360 B0800 | B0820 |
| 12 | Percentage of Employee Deduction | Uses the <BC Value> on the component as the percentage to be applied to the value of the employee’s deduction (B1040) as the contribution amount. When using this rule, the sequence numbers of the contribution components B0800 to B0850 must be changed to calculate after the deduction component B1040 has already been calculated. | B0800 B0810 B0820 B0830 B0840 B0850 B1040 | B0820 |
| 13 | Contribution Rate × Earn- ings | Multiplies the Contribution Rate (B0800) by the Eligible Earnings (B0360) | ||
| 14 | Percentage of Coverage / Unit Value | Percentage (B0800) of Coverage divided by the Unit Value (B0640). | ||
| 15 | Percent of Coverage / Unit +Admin Fee | Percentage (B0800) of Coverage divided by the Unit Value (B0640) plus Administration Fees (B0730) |
Notes #
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