Rates Settings

In the Rates tab of a health option or life and disability option in Benefits Setup > Plans and Options, you can configure the rates for options.

Fields for configuring the option rates
Field	Description
Effective From	The start date of the rate. Dayforce automatically end-dates a rate if you enter a new rate with a start date that overlaps the existing one.
Effective To	The date after which the rate is no longer associated with the option. If the rate expires, enter a date in this field.
Table Type	Determines whether the option has a single rate or multiple rates. The options are: Qualified: Defines multiple rates for the plan option based on eligibility qualifiers. You can configure as many rows as necessary, and each row applies to participants that enroll in the option and meet the qualifier requirements. Standard: Defines a single set of carrier, employer, and employee costs for the option. You can only configure one row of rates which apply to all participants that enroll in the option. After you set the table type and save the rate, you can’t change this setting.
Rate Type	Determines how the employee and employer portions of the Carrier Rate value are derived. The options are: Amount Percentage
Rate Basis	Determines the calculation period for enrollment costs and deductions. The options are: Annual Monthly Weekly
Volume Based Rate	Indicates that the rate is based on a certain volume of coverage. When the checkbox is selected, Dayforce shows the Basis for Volume field.
Basis for Volume	The amount used as the basis for the rate. Example: If the rate is $1 per $1,000 in coverage, enter `1000` in this field and `1` in the Employer Cost or Employee Cost field.
Carrier Rate	The amount charged by the carrier. This value is always an amount regardless of whether the Rate Type field is selected as Amount or Percentage.
Employer Cost / Employer %	The employer's cost or percentage of the carrier rate.
Employee Cost / Employee %	The employee's cost or percentage of the carrier rate.
Qualifier	If you selected Qualifier in the Table Type drop-down list, Dayforce shows the Rates list which includes the Qualifier field. This is the eligibility qualifier associated with the rate. The rates defined in the rows of the list apply to employees that meet the requirements of the selected eligibility qualifier. Example: You can configure a plan option so that rates are different based on the participant's tobacco use status: Note: Every employee that’s eligible for an option must pass one of the eligibility qualifiers associated with the rates, or they can’t be enrolled in the option.