Things to remember

Definition of fields:

▪Group: Identifies an allocation group. It specifies employee/employer allocation for the insurance premium cost sharing. Sharing is calculated by protection code or by sharing the premium total (sharing).

▪Effective date: Displays the date on which the allocation group takes effect. This date enables the system to select the correct calculation table for the coverage premium.

▪Plan: Indicates the code associated with the costs allocations, if any.

▪Sharing: Indicates whether the premium cost is divided according to individual coverage types or the overall coverage total:

o“No”: The sharing is done per coverage.

o“Yes”: The sharing is done on the premium total.

▪% Employer: Identifies the percentage of the premium paid by the employer; it displays when sharing is set to “Yes”.

▪First payer: Indicates the payment order in calculating premiums and influences the employee’s taxable benefits; it displays when sharing is set to “Yes”.

▪Company: Identifies the company to which the allocation group applies.

Things to remember

Definition of fields :

▪Protection: Indicates the protections included in the allocation group.

▪Factor: Indicates the number of times the salary is multiplied based on the types of coverage chosen by the employee.

▪% employee: Indicates the percentage paid by the employee in one of the following two situations:

oWhen sharing is set to “No”.

oWhen sharing is set to “Yes” and some coverage type are excluded.

▪% employer: The values in this column are calculated according to the values in the “% employee” field. This information only appears when sharing is set to “No”, or when it is set to “Yes” with certain types of coverage excluded.

▪Excluded: Indicates which types of coverage are may not be shared. The coverage types marked with an “X” are not included in the total premium to be divided between the employer and the employee. This premium is distributed according to the percentages in the “% employee” and “% employer” columns.

▪Sequence: When the cost is shared, this field shows the order in which the premiums and taxable benefit are calculated.