MANAGE BENEFIT PACKAGES
Use this screen to group different benefit plans into benefit packages through benefit plan/coverage option combinations. You can then assign benefit packages to employees. You can also use this screen to assign flex dollar amounts for flexible benefits.
You cannot set up benefit packages until you have completed the Manage Benefit Plans screen. After you have completed the Manage Benefit Plans screen, you can add to this table at any time, and you can establish an unlimited number of benefit packages.
Location
Identification
Benefit Package Code
Enter a unique code to identify this benefit package.
You may give part-time and full-time employees different levels of benefits. You can do this by establishing a benefit package called PARTTIME for part-time employees and FULLTIME for full-time employees.
Description
Enter a description of the benefit package.
Package Deduction
Enter, or click 
to select, the code for the deduction to be used when posting benefits by the lump sum method. Costpoint validates the deduction code against the Deduction Codes table in Payroll. This deduction must be assigned a Benefit Package deduction type on the Manage Employee Deductions screen. This field is active only if you selected the Lump Sum option in the Benefit Posting Method group box on the Configure Benefit Settings screen. The description of the deduction displays in the field to the right of the code.
Benefit Package Details
Benefit Plan
After you click the 
button on the toolbar, enter, or click to select, the code for the benefit plan you want to include in this benefit package. The code is validated against the Benefit Plans table. The benefit plan must be active.
Coverage Option
Enter, or use to select, the code for the coverage option that you want to use with the benefit plan in this package. The code is validated against the benefit plan to ensure that the plan includes this coverage option.