Variable Rate based on Age and Salary Amount

Summary

Create Variable Rate Based on Age and Salary Amount

Content

Hi All,

Has anyone create variable rates for supplemental insurance that assigns the rate to a benefit option depending on both the EE's age and their salary amount?

For the age ranges we will make eligibility profiles, but we also need to assign the correct rate automatically based off the employees salary. Example:

Age	Cost per Thousand	Spouse (50% of EE's 25,000 Salary) $13,000	Employee $25,000 Salary	Spouse (50% of EE's 50,000 salary) $25,000	Employee $50,000 Salary
Underage 20	0.055	0.72	1.38	1.38	2.75
20-24	0.065	0.85	1.63	1.63	3.25
25-29	0.075	0.98	1.88	1.88	3.75

 

Version

18c