Defining a Benefits Company

Before you can define benefit plans, you must define your company's benefit parameters.

  1. Access Benefits Company (BN00.1).
  2. Select Company.
  3. Specify the general ledger account to use in the Cash Account field. You can use the cash account information when you receive COBRA and retiree benefit payments.
  4. In the Retirees section, specify this 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. You can calculate 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. In the Covered Dependents section, select the dependent coverage to track. You can track Health, Dental, and Dependent Life plans.
  6. In the HIPAA section, specify this information:
    Plan Sponsor ID

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

  7. Click Add.
    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

This table shows the related reports and inquiries:

Function Form
View company benefits. Company Parameter Listing (BN200)
Related topics