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Hi everyone - has anyone offered Pet Insurance as a voluntary benefit to employees? If so, how have you set that up in PeopleSoft - as a simple plan? Have you done payroll deductions or had your employees pay the premium directly? Also most providers have different rates for different states (we currently operate in 6 states) - has that proven difficult?
Thank you in advance for insight or advice you can offer on this topic.
Pet Insurance was too complicated to set up rates for. The company we used (at a previous job) had a very complicated formula to determine the rate based on age, breed, previous illnesses, etc. We could not find a common thread for rates. Even with Simple plans, you are limited to flat rate, age-graded, coverage code, etc.