Set up a benefit company

The only required procedure to set up a benefit company is defining a Benefits Administration (BN) company. Defining COBRA parameters, occurrence types, and excess life insurance are optional.

This table shows the required procedure to set up a benefit company:

Procedure	Description
Defining a BN Company	You must define a BN company before you can use the Benefits Administration application.
Defining COBRA Parameters	Optionally, you define the defaults for tracking COBRA participants and invoicing COBRA and retiree participants.
Defining COBRA Occurrence Types	Optionally, you define the occurrences and the number of months coverage extends for each occurrence.
Defining Excess Life Insurance Rates	Optionally, you define the parameters for the application to calculate employee tax liability for the cost of excess life insurance.