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Glossary of Benefits Terms

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Beneficiary: The person designated by the employee to receive benefits, such as life insurance payouts, in the event of the employee's death.

Benefit Type: Categorizes benefit plans available to employees, linked to multiple plans (e.g., Single coverage, Family coverage).

Benefits Plan: Defines the specific details and names of the plans provided to your organization by the plan provider, including contact information and email address. An unlimited number of unique benefit plans can be added.

Benefit Enrollment Rules: Guidelines dictating the process, time frame, and eligibility requirements for employees to enroll in benefits.

Benefit Join Date: The specific date when an employee becomes eligible to participate in the benefits plan offered by the employer.

Benefit Start Date: The date on which the employee's benefits coverage becomes active and they can start utilizing the benefits. This is also the date when deductions for employee and employer contributions to the plan begin.

Enroll Employee: The process of registering an employee into the benefits plan, ensuring their eligibility and proper documentation.

Benefit Payroll Rules: Parameters for how benefit-related deductions and contributions are managed within the HRplus payroll module.

Dependent: A person, such as a spouse or child, who is eligible to receive coverage under an employee's benefits plan.

Employee Coverage: The scope and level of benefits provided to an employee, including specifics on what is covered and any limitations.


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