Use this screen to set up coverage options and codes that identify who or what is covered by a particular benefit plan. Examples of coverage options include family medical, employee-only medical, dependent life insurance, etc. These codes will be assigned to a benefit plan. You must also set up a deduction record in the Deductions screen in Costpoint Payroll for each coverage option that you enter on this table.
Enter the codes and descriptions for the coverage options you plan to use before setting up benefit plans. However, you can add to the Coverage Options table at any time, and you can establish an unlimited number of records.
After selecting the New Line button on the toolbar, enter up to 12 alphanumeric characters to uniquely identify this coverage option. This field is required.
Enter up to 30 alphanumeric characters to describe this coverage option. This field is required.
If this coverage option is a base coverage, enter "B" in this field. If this coverage option is a rider to base coverage, enter "R." For example, basic life insurance is a base coverage. Accidental death insurance is a rider to that base. This is a required field.
Changes to this screen update the following tables:
Coverage Options - HB_CVG_OPT
Benefit Plan - HB_BEN_PLAN_LN
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