PART 4 EMPLOYEE BENEFITS
- Select the Coverage Duration for the COBRA benefit. If you selected a
duration, the system will automatically calculate the end date. If you
selected Other for the duration, you must enter an end date. If you
select Other, enter the number of months the coverage will last in the
Duration field and enter the COBRA start date in the COBRA Coverage
Begins field. - Select the Payment Frequency and enter the date the first payment is
due. The system will use the duration and payment frequency
information you entered to calculate the last payment date. - Enter the COBRA Premium or accept the default premium amount.
- Mark Auto Postings to automatically create the payment due schedule.
- Choose Save. Depending on the Benefit Preferences you selected, a
message might appear, giving you the option to post the payment
schedule and COBRA ending date to the To-Do List. For more
information, refer to Setting up benefit preferences in Chapter 7, “Benefit
Setup,” of the Human Resources Installation and Setup manual.
Tracking a COBRA premium
Use the COBRA Payments and Premiums window to keep accurate records
of how much an employee has paid and how much that employee has left
to pay for COBRA benefits.You must first initiate COBRA benefits for an employee before tracking a
COBRA premium. For more information, refer to Initiating COBRA benefits
on page 142.To track a COBRA premium:
- Open the COBRA Recipients Lists window.
(Cards >> Human Resources >> Employee-Benefits >> COBRA) - Select an employee name and choose COBRA Details to open the
COBRA window. The employee will be listed by Employee ID in the
COBRA window.