COBRA SETTINGS

Use this screen to control several related system-wide features. You can set up payment information relating to grace periods and due dates, establish an administrative fee, set up printing options for the coupons, and enter associated data needed for Costpoint Accounts Receivable. You can also select the remittance address for all COBRA payments.

Enter this information as part of your initial Costpoint COBRA Administration setup.

Payment Info

Use the fields in this group box to establish an add-on percent for administrative fees, define the number of days a payment may be delinquent, and select what your due date will be on a monthly basis.

Premium Add-on Percent

In this numeric field, enter the percentage amount, up to four decimal places, that will be charged as an administrative fee. If no administrative fee will be charged, enter "0.0" in this field. This is a required field.

Note: The employees/dependents can be charged a premium amount not to exceed 102% of the cost of similar coverage for employees.

Grace Period Days

In this numeric field, enter a number not to exceed "365." This field represents the number of days after the due date that payments will still be accepted without terminating COBRA benefits. This is a required field.

Hint: If your policy does not allow a grace period, enter "0" in this field.

Due Date Day of Month

Enter a number between "1" and "31" to indicate the day of the month on which all COBRA invoices will be due. This is a required field.

Note: If you enter "31" as the Due Date Day of Month, this day will be used as the due date day for all months, including those which have less than 31 days, when you print payment coupons.

Coupon Printing

Use the fields in this group box to enter information about printing options for coupons.

Number of Coupons to Print

Enter a numeric value from "0" to "36" in this field. This default value represents the number of coupons the system will print. You can override this value on an individual employee basis in the Print Coupon Book/Create Invoice screen in Costpoint Employee. This is a required field.

Note: If you set this value to "0" and also set it to "0" in the Print Coupon Book/Create Invoice screen, you will not be able to print coupons.

Printer Type

In this drop-down box, select either "Laser" or "Continuous Form" as the type of printer on which coupon books will be printed. "Laser" is the default for this field.

A/R Information

Use the fields in this group box to select the customer type and remittance address assigned in Costpoint Accounts Receivable and Billing.

A/R Customer Type

From this drop-down box, select the customer type you wish to use when generating invoices for COBRA payments. If you do not want to generate A/R invoices, select "None" from the drop-down box.

Hint: You must have established the customer type in the Customer Types screen in Accounts Receivable, and assigned it to a customer in the Maintain Customer screen in Costpoint Accounts Receivable. The customer type for each customer that you set up must be the same customer type that you select in this settings screen. If you select "None," the Create Invoice checkbox will be disabled in the Print Coupon Book/Create Invoice screen in Costpoint Employee.

Remittance Address

From this drop-down box, select the remittance address code for the address to be printed on all coupons and/or accounts receivable invoices. A "None" value is provided if you are not printing coupons or invoices from the system.

Hint: The Remittance Address must be established in the Remittance Addresses screen in Costpoint Billing. If you select an A/R Customer Type, you must also select a Remittance Address.

Table Information

Changes to this screen update the following tables:

Cobra Settings - H_COBRA_SETTINGS

Billing Remittance Address - BILL_REMIT_ADDR

Customer Type - CUST_TYPE