How to Create a Long Term Disability Plan
How to Create a Long Term Disability Plan:
- Navigate to the "Premiums" tab of the plan.
- Purchase Dependency Settings:
- Select how coverage is determined (fixed percentage of salary or employee chooses), when salary changes will affect plan premiums (at salary change effective date, first of the month following salary change, or at plan anniversary), how premiums are calculated (per $100 of monthly benefit or per $100 of monthly covered payroll), and select if volume should be rounded.
- Monthly Premiums - enter the rate per $100.
- Age Calculations:
- Purchase Amount and Maximums:
- Enter the maximum salary percentage and maximum weekly benefit amount per the policy.
- Employer Contributions:
- Determine if the plan is Employer Paid or Voluntary.
- EOI Settings:
- Determine if an EOI should trigger for anyone who waived the plan in a prior enrollment period.
- If “Yes” is selected, upload the EOI document.
Related Articles
How to Create a Short Term Disability Plan
How to Create a Short Term Disability Plan: Follow the steps in this article to begin creating a Short Term Disability plan. Navigate to the "Premiums" tab of the plan. Purchase Dependency Settings: Select how coverage is determined (fixed percentage ...How to Create a Health Plan
How to Create a Health Plan: Follow the steps in this article to begin creating a Health plan. Navigate to the "Premiums" tab of the plan. Use the dropdown for “Health Premium Type” to select the premium setting. Enter the plan premiums for each tier ...How to Create a Basic Life Plan
How to Create a Basic Life Plan: Follow the steps in this article to begin creating a Basic Life plan. Navigate to the "Premiums" tab of the plan. Rate Structure - Make a selection from the dropdown. Enter the Benefit Amount in the "Coverage Amount" ...How to Edit an Existing Plan
If you need to make a change to an existing benefit, just select the plan from your “Plans” list in the “Benefits” tab. Changes can be made to the plan’s basic information and premiums. If a plan’s premiums or settings are changed after it has been ...Creating Plans in BerniePortal
Before employees can enroll in their benefits, you'll need to create the plans employees will be offered. Learn how below. To create a new plan: Select the "Benefits" tab in the top navigation menu. While in your Plans area in the Benefits feature, ...