Coverage levels are in basic terms, the election choices administrators are giving employees. Fore Medical or Dental benefits these will be employee only or maybe employee + spouse where for supplemental life benefits the coverages may be $10,000 or $120,000. Coverage levels can be edited and read in any manner the administrator decides.
By selecting the coverage option name, the administrator may edit the name of each coverage option. This would be where coverage levels are chosen to be the default coverage within a plan, coverage codes are determined and dependent eligibility per coverage are selected.
The display order, coverage level rank, flat benefit amount, and compensation multiplier are all changed from this tab. Admins can see the total number of employees eligible for the plan that have elected each coverage option here.
From the Actions drop-down menu, you can add, duplicate or delete selected coverage options.
When adding a coverage level, you can enter the name, coverage codes, deduction codes, etc.
For benefit coverage options where dependents are needed, administrators will need to edit the coverage option and ensure the correct number of dependents are available for selection. A spouse can be required or included in the count for each option. Employees can also be eligible with more than the required number of dependents or not.
For benefit coverage options where dependents are needed, administrators will need to edit the coverage option and ensure correct number of dependents are available for selection. A spouse can be required, or included in the count for each option. Employees can also be eligible with more than required number of dependents or not.
If the Coverage should split its value between a Pre Tax and Post Tax amount, check the box "Use separate deduction code to report a Post Tax Split". This will present the "Deduction Code (Post Tax Split) field for assignment. Be sure to assign the value to a different value than your Deduction Code in order to split the Pre and Post Tax values of the employee's election.
When assigned values from Setup > Setup Properties > Field Value Setup > Deductions, Deduction Code and Deduction Code (Post Tax Split) will save a Deduction Record to the Employee > Payroll > Deductions screen following any Add or Update to an Employee's Election.