After you add a flex credit plan, you can configure the general settings and eligibility qualifiers. For example, you can set the eligibility qualifiers if the flex credit plan amount is different by pay group or pay class. If you select more than one eligibility qualifier, the combination works as an “or” statement, so employees must meet the requirements of only one qualifier.
To configure flex credit plan details:
- Go to Benefits Setup > Flex Credit Setup > Flex Credit Plans.
- In the left sidebar, select the flex credit plan. If you haven't configured tiers, a message reminds you to define tiers for the flex credit plan.
- Select the Published checkbox to include the flex credit plan for mobile and web enrollments. In Benefits Setup > Plans and Options, you can associate only published flex credit plans to benefit plans.
- Edit the flex credit plan's name, description, reference code, and effective dates as needed.
- Select the month and day for the start of the plan year. The month and day for the end of the plan year is 12 months after the start of the plan year.
- Select the Tier will be determined by active dependents checkbox to determine the flex credit amounts based on the employees' active and eligible dependents. When selected, the flex credit amount configured for the highest tier that the employee and their dependents qualify is used, even if the employee doesn't select any dependents during enrollment.
- In the Eligibility section:
- Click Add and in the Add Qualifiers dialog box, select the checkbox next to one or more qualifiers.
- Click Add to add the qualifier to the Eligibility section.
- Add proration rules to the Proration section. See Configure Proration Rules for Flex Credit Plans.
- Click Save.