HEALTH BENEFIT CODES & PREMIUMS

Use this screen to define the benefits that will be available for COBRA elections. Define these benefits in the Deductions screen in Costpoint Payroll. You can establish an unlimited number of codes and descriptions.

Before this screen can be initialized, you must populate the Deductions screen in Costpoint Payroll with deduction codes for the benefits that will be available for COBRA elections.

Health Benefit Code

After selecting the New Line button on the toolbar, enter, or use Lookup to select, the six-character alphanumeric code from the Deductions screen in Costpoint Payroll that will be available for assignment in the Track COBRA Elections screen in Costpoint Employee. This is a required field.

Health Benefit Description

The 30-character alphanumeric description from the Deductions screen in Costpoint Payroll will default in for the Health Benefit Code you have selected; however, you can override this description. This is a required field.

Premium Amount

In this numeric field, enter the monthly premium amount that your company pays for this benefit. This is a required field.

Hint: If your company policy includes an add-on percent, the system will add this amount to the Premium Amount when you initialize the Track Cobra Elections screen in Costpoint Employee.

Table Information

Changes to this screen update the following tables:

Health Benefits - H_HEALTH_BEN

Deductions - DED_CD