Sunny (guest) 01 Oct 2013 17:36
Hello Experts..
We are setting up the core tables for Benefit and we approached client and received below requirements on all the benefit plans that they are going to provide. Looking at below list, our client seems really generous:
1. Health -
a) Medical/Visoin
b) Dental
c) Domestic partner medical/vision
2. Life -
a) Sup life 1x-5x
b) Life AD/D
c) Dependent life (Children)
d) Spousal Life
3. Disability -
a) LTD
4. Leave -
a) Sick
b) Vacation
c) Personal
d) Company Car
5. Retirement -
a) Retirement
6. Pension
a). Pension
7. Vacation buy/sell
a) Buy
b) Sell
Here is what we have done so far :-
For 1a and 1c we have added customer plan types with code 1Z and 1Y respectively since the existing ones didn't look relevant. This plan means, vision coverage will come under medical coverage. but dental will be standalone.
For 2a, we have added 5 plans as per the requirement 1x, 2x, 3x, 4x ,5x
2c and 2d will be awarded only when employee takes supplemental life.
for 5a, created a new plan type with more relevant meaning with code 5Y.
Finally, Our questions are:
1 - Have we set up these plans correctly? if you think there should be changes in this please share you thoughts
2 - Can we combine 2c and 2d instead of keeping them separate because if employee takes any supp life then dependents can be covered, and dependents means if employee is married then spouse + 2 children but if single then both parents.
3 - Why do we have the option "Self-Service Plan Description" only for 1x, 3x, 5x and 7x. does it means employee will have opportunity to elect in these plans only?
What about supp life where there are 5 type of plans and if employee doesn't have above option then how will he/she decide which plan can he/she elect?
4 - Why is it required to give vendor name for Leave and vacation buy/sell plan types? is it applicable for these two plan types? what does vendor have to do with Leaves?
We are in the starting phase of setting up benefits so we really need your help continuously so please respond back with your valuable thoughts
