Manage Coverage Amounts By Age

Use the Manage Coverage Amounts By Age screen to set up coverage amounts for employee age ranges.

If your company has benefit plans for which coverage amounts differ by age group, you can use the Manage Coverage Amounts By Age screen to set up codes, related descriptions, and other information that will be used in determining coverage by age ranges. These rates are generally used only for life insurance plans.

You can apply this information to a benefit plan by entering the coverage table code in the Coverage Table column in the Coverage Options subtask of the Manage Benefit Plans screen under the following conditions:

  • You selected the Coverage Table option in the Coverage Calculation Method group box in the Coverage Options subtask of the Manage Benefit Plans screen.
  • You selected the Age option in the Coverage Table group box in the Coverage Options subtask of the Manage Benefit Plans screen.

Enter the coverage amounts by age information before setting up a benefit plan that will be using this table. However, you can add to this table at any time, and you can establish an unlimited number of records.