Common for Medical, Dental, Vision
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Flat premium amounts per coverage level.
All rates in iSolved are determined by monthly values and then broken up by pay schedule to determine per-pay deductions for running payroll.
Rate Table Structure
- What coverage levels exist for the plan? ex. Employee Only, Employee + Spouse, Employee + Child(ren), Family
- Are the rates cost-banded? ex. costs vary by Age; Salary; Tobacco Use
- What are the total monthly premiums for each coverage level and cost band?
- What percentage or dollar amount of the premiums does the employee / employer pay?