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We are on People Soft 9.1. My company is looking into adding ancillary benefits (i.e. pet insurance) to our available benefits in 2019. Has anyone had a similar situation? How did you set up the plan and programs to cover the benefit? I haven't set up a Simple Plan before, would that be a possible answer? Any advise would be appreciated.
Yes, Simple plans are best for these other "voluntary" products. The limitation is how the deductions/rates are calculated. Simple plans are still limited to flat rates, age-graded, etc. I have not been able to implement a simple plan for Pet Insurance because there are so many factors that are used to determine the rate, and every pet could be slightly different. The same is true for auto or home insurance. I have used Simple plans for Flat Rate policies (Legal) and age-graded such as AFLAC, and some we could use coverage code for Employee Accident or Family Accident in which everyone paid the same by coverage code.