When setting up your benefit plans for the new year, the premiums should also be updated to ensure the proper premium and employer credit amounts.
We offer a video training for this topic on Arcoro Learning.
- Expand Settings and click Benefit Management from the menu.
- Click the name of the new benefit package.
- Click the Configure Benefit Structure tab.
- Click the name of a non-waived benefit plan.
- Click the Premiums tab.
- Update the premiums for the new benefit year. The coverage filter will default to the selected coverage. We recommend clicking Show All to see all available coverage levels.
- Enter the coverage level premiums as appropriate. Click Save Premiums when finished.
- If no premium or employer credit is entered in the fields, the coverage level will not be listed for the employee. If a coverage level should not have a premium or employer credit, enter zero/0.
- If you only have a monthly premium and need the annual, you can enable "Multiply premium and credit values entered below by 12 upon Save. Note: Only the selected coverage levels will be annualized, not all coverage levels." and enter the monthly premiums into the provided fields instead.