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New Accrual to begin Jan 1st, tied to Health Benefit selection
We are adding a new benefit to our plans which is company paid but is depenedent on which Health option the employee chooses. For example if you choose Emp Spouse for Health you would also receive Emp Spouse for our new hearing policy. Due to this being a company paid item we need an accrual to account for this expense and wondered if there is a way to set it up to automatically enroll when the employees Health Insurance is enrolled in. What is the best way to track this? Any suggestions?
If you are using Plan options you can use the
Flex credit field to enter a DBA for this new health program. If
employees are already enrolled it won’t let you change the options;
you would need to end enrollment and reenroll, after you updated
the plan option F08336 using SQL.
If you are using Plans for the tiers you can
do the same and use the flex credit field.
Hope this helps, Ellen