I have a small group with an age rated plan that is composite averaged for employee contributions. The carrier has provided an Excel set up to create the composite rate. With employees entering/leaving employment, dependents qualifying/leaving, the rates actually paid by the employer could be lower or higher that what is collected during the plan year.
When this system was put in place last renewal, I don't recall anyone mentioning that the employer had a statutory requirement to use any excess premiums for employee benefit costs or to return them to the employees in proportion to their cont
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When this system was put in place last renewal, I don't recall anyone mentioning that the employer had a statutory requirement to use any excess premiums for employee benefit costs or to return them to the employees in proportion to their cont
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