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Variable Rate based on Age and Salary Amount
Summary
Create Variable Rate Based on Age and Salary AmountContent
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
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