Creating a Benefit Program - A summary of the activity

Creating a Benefit Program: Through this activity, you can create different benefit programs for an organization unit. Creating a benefit program involves specifying

• Unique code to identify the benefit program, accompanied by a unique short and long description.

• The currency applicable to the benefit program.

• The span of time for which the program is effective.

• The waiting period and the reference period for the benefit program.

For a specific premium frequency: You are to specify the rate table for a specific premium frequency.

For instance, you create a benefit program that is specific for the “weekly” premium frequency, and another rate table for a “monthly” payment frequency. In effect, you are to create tables for all the payment premium frequencies applicable to the benefit program. The premium frequencies available through this page are “Daily”, “Weekly”, “Bi Weekly”, “Semi Monthly”, “Monthly”, “Quarterly”, “Semi Annually” and “Annually”.

Specify the waiting period and reference period:  You are to specify the waiting period and the reference period for a benefit program. if any. Waiting period indicates the span of time that the participant has to wait to become eligible for the benefit program. While reference period refers to the condition based on which the waiting period is considered. The different types of reference period can be hire date, retire date, confirmation date, as on date etc.  For example, you can specify that for a benefit program, the waiting period is 2 weeks and the reference period is the confirmation date. This indicates that the participant is eligible for a benefit program only after 2 weeks from his confirmation date. 

Specifying the Eligibility Profile: You are to specify the eligibility criteria for the benefit program. As you map an eligibility profile to a benefit program, you indicate that a person can participate in the program only if he satisfies the eligibility criteria. You can also map more than one eligibility profiles to the benefit program.

Specifying Applicability to Organization Units: Subsequently, you are to specify the organization units for which the benefit program will be applicable. You can define whether the benefit program will be applicable for

• The login organization unit

• All organization units

•  Selective organization units: If you choose this option, you are to enter a separate page and choose the required organization units individually.

Mapping a Benefit Year: You are to map a benefit program to a benefit year to indicate that the benefit program will be effective for the mapped benefit years.

Specify Waive and Restriction reasons: You can also specify the various waive reasons for the benefit program. These are the reasons based on which an employee can be waived from enrolling for a benefit program.

Define Calculation Rules: You must also specify different calculation rules based on which the system will take the values for various computation like enrollment, processing, accounting etc. For example, if you specify salary as on a date for processing, the system will take the salary of the person earned by him/her as on the date specified, for processing a plan.

Getting familiar with the pages inside

What you can do in this activity

Through this activity, you can create different benefit programs for an organization unit