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This activity allows you to record COBRA premium receipts.
The “Record COBRA Premium Receipts” hyperlink from the left pane.
The “Record COBRA Premium Receipts” page appears.
The system displays the following.
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Date format |
The date format applicable to the login user. More Details. |
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Employee |
The name and code of the employee. |
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SSN |
The social security number. |
To enter COBRA premium receipts
Enter the premium period for which you have to specify the premium amount.
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Premium Period |
The period for which you must pay the premium for the plan. |
The system displays the following in the multiline.
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Plan Category |
The plan category to which the plan is mapped. Examples are “Health", "Life & AD\D", "Disability", "FSA" and "Savings" |
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Plan Description |
The description of the plan. |
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Premium Period |
The period for which the premium must be paid |
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Premium Frequency |
The frequency at which the premium is paid for a benefit year. |
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Currency |
The currency in which the premium is paid. |
From the “Payment Mode” drop-down list box, select the mode in which the payment is made. The drop-down list box displays the list of all the payment modes defined in the HRMS General Masters. By default, the system displays a blank value. If only one value is defined, the system defaults with the specified value.
Enter the following details in the multiline.
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Date |
The date on which the premium is paid |
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Amount |
The sum of the premium amount and service charges for the plan. |
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Premium |
The premium paid for the plan. |
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Service Charge |
The amount levied by the company as service charges if any. |
The system displays the following.
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Status |
The status of the plan. |
If you selected Bank payment option in the “Payment Mode” drop-down list box, enter the following details.
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Check Prefix |
The prefix given before the check number |
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Check Number |
The unique number of the check |
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Bank |
The name of the bank in which the check is drawn. |
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Branch |
The branch name of the bank. |
Enter the opinions, comments and other details if any in the “Remarks” field in the multiline.
Select the “Save” pushbutton to save the details entered.
To view COBRA premium receipts
Enter the premium period for which you want to view the details of premium receipts in the “Premium Period” field.
Select the “Get” pushbutton. For the specified premium period, the system displays in the multiline, the premium receipt details for all the plans in which you have enrolled. If the “Premium Period” field is empty, the system displays all the premium period details of all the plans in which you are enrolled.
The details include the plan details like the plan category, plan description, premium period, premium frequency; the mode of payment and payment details like the amount, premium, and service charges. If the payment mode is through check, the system displays the details like the bank name, branch name, check number, etc.
To enter COBRA premium receipts
To view COBRA premium receipts