Prev
Next
Forums Human Capital Management Lawson S3 HR/Payroll/Benefits

Benefit Setup for Supplemental Life

 2 Replies
 0 Subscribed to this topic
 68 Subscribed to this forum
Sort:
Author
Messages
CMH
New Member
Posts: 1
New Member
10/7/2010 4:50 PM
    Our company is thinking about offering a Supplemental Life plan, therefore, it will be a new benefit with an age table. I was wondering if any anyone has set this type life plan up and would be willing to share some of the things I might encounter. I do not have any plans set up with the BN02 age table, so any help will be appreciated.
    M.J.
    Veteran Member
    Posts: 38
    Veteran Member
    10/7/2010 5:13 PM
      This was already setup at our hospital when I started in this role but if I can help with how ours is setup I would be happy to share. I'll send you a message with my contact info.
      the_q
      Basic Member
      Posts: 11
      Basic Member
      10/27/2010 11:47 AM
        We have this type of plan now. I see this post is from a few weeks ago - so if you have not already figured it out, I can send you the setup forms and tables that we have so you can review.

        Our plan is based on a multiple of salary 1-4 X and the premium is based on an age table and we also have an age reduction table to reduces their coverage level by a specified percentage when they reach a specific age.

        The setup was fairly easy and we do not have any issues maintaining this plan.