Use the Plans tab to create insurance plans for insurance rates. You must set up rates before you can set up plans. While optional insurance can have many plans, non-optional insurance can only have one. This is because participant lists for non-optional plans do not exist.
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On the VA VRS Life Insurance page, filter records using the filter criteria. To enter filter criteria, select an option from the list and then select a value.
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To add a record, click Add Record, complete the fields on the Deduction Codes and Rates tabs, and click Save.
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Select the Plans tab. Refer to the Field Descriptions and enter valid information in the required fields. Select Save, and then Yes.
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On the VA VRS Life Insurance page, select the ellipsis in the Actions column, and then edit or delete the record:
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Select Edit. Update the information and select Save.
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Select Delete, and then select Yes.
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Field Descriptions
The information on the Plans tab is stored in the vavrsplan table.
The following table describes the fields on the Plans tab:
|
Field |
Description |
|---|---|
|
Deduction Code |
The deduction code that the insurance plan applies to. The value is retrieved from the Deduction Codes tab. |
|
Plan Number |
The number assigned to this plan. |
|
Employee Factor |
The multiplier used to calculate the employee coverage against the employee’s salary. If the value is 2, employee coverage is twice the salary. |
|
Spouse Factor |
The multiplier used to calculate the spouse coverage against the employee’s salary. If the value is 2, spouse coverage is twice the employee's salary. |
|
Dependent Factor |
The multiplier used to calculate the dependent coverage against the employee’s salary. If the value is 2, dependent coverage is twice the employee's salary. |