**This section only applies if your company uses variable contribution rates. If your contribution rates are the same for all employees, skip to Plan Management 9 - DRAFT Status.**
For some health insurance plans, the lowest cost single-only contribution (SOC) will vary. Some employers have age-banded contributions and premiums, others set contributions based on salary range, and still other vary the contribution amount by location.
- If your SOC varies by specific employee classifications (such as salary vs hourly, or priced by location), you should create a unique plan for each sub group.
- However, if your SOC varies at the individual employee level (including differing costs based on age or salary range), you should create a single plan and select the “Cost Varies by Employee” option on the Plan Cost tab. When you do this, rather than entering a set price for the plan, you will provide individual pricing on your Employee Datasheet that you upload each month.
To use employee-based premiums, click the “Cost Varies by Employee” checkbox and leave the “Monthly Employee Required Contribution” and “Monthly Employee COBRA Rate” fields blank for any plan cost entries listed on this tab:
Note: If you have already entered plan cost data, you will receive a warning reminding you to remove these unnecessary fields.
If you are unsure how to enter cost information on your Employee Datasheet, contact your Project Manager.
Next Step: Plan Management 9 - Draft Status