Benefit Plan with Calculated Premium Plus Flat Amount

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LauraSantos
Basic Member
Posts: 16
Basic Member

    We need to set up a new benefit plan.  The plan premiums are based on the coverage amount selected and an age rate table.  For example, an employee age 57, selects $40,000 of coverage.  Base on the rate table, the cost per $1000 for someone who is 57 would be $4.01 so his monthly premium would be $40,000/$1000 * $4.01 = $160.40.  I have all of this working.  However, there is a wellness benefit tied to this plan which costs an additional $1.60 a month.  This is a flat amount that needs to be added to the employees calculated premium.  Any suggestions on how this can be done?  I know there is an option on BN15 for the Contribution Type to use a custom calculation but I’m not sure how I would go about adding the custom calculation.  Or if there is another way to do this, any ideas would be greatly appreciated.

     

    Thanks