Defining a Benefits Company

Before you can define benefit plans, you must define your company's benefit parameters. This procedure outlines the process for defining a benefit company.

To define a benefits company:

  1. Access Benefits Company (BN00.1).
  2. Select Company.
  3. Specify the general ledger account that you want to use in the Cash Account field. The application uses the cash account information when you receive COBRA and retiree benefit payments.
  4. Specify the Retiree information.
    Billing Period

    Leave this field blank; it is automatically updated when you process invoices. If you leave this field blank, it is updated by Invoice Edit (BN180), then by Invoice Print (BN181).

    Due Days

    Specify the number of days from an invoice date that retiree premiums are due. The application calculates due dates for invoices using this field. You can use BN180 to overwrite the due days.

    Grace Period

    Specify the number of days from an invoice's due date that COBRA participants and retirees must pay their premium.

    Note:  Outstanding Invoice Listing (BN175) uses this value to determine which invoices are outstanding.
  5. Select the dependent coverage you want to track in the Covered Dependents area. You can track Health, Dental, and Dependent Life plans.
  6. Specify the HIPAA information.
    Plan Sponsor ID

    Specify a plan sponsor ID. If different plans require different plan sponsor ID numbers, this number can be overridden at the plan level on Benefit Plan (BN15.1).

  7. Select the Add form function.
    Note: If benefits are processed through the HRM/S3 product, you can specify 'Blank-Not Applicable' or 'No' on the HR00 Options tab in the GHR Benefits Company field.

Related Reports and Inquiries

To Use
View company benefits Company Parameter Listing (BN200)
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