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OHBEN004 - Define Benefit Plan Types
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In this step, you enter the benefit plan types that you require for the plan categories predefined in the system.
The following plan categories are provided by SAP:
- Health Plans
- Insurance Plans
- Savings Plans
- Stock Purchase Plans
- Flexible Spending Accounts
- Credit Plans
- Miscellaneous Plans
These categories are predefined because the system handles each differently. In order to reflect your own requirements regarding the categorization of plans, you define plan types within these categories.
Plan types are a control mechanism for enrollment, since the system does not allow an employee to enroll in more than one benefit plan per plan type. This allows you, for example, to offer a choice of regular health care from different providers under one plan type, without the risk of accidentally enrolling an employee in more than one of these benefit plans.
Within each plan category (for example, Insurance Plans) you should define one plan type for each sort of benefit plan that the employee is likely to elect (for example, Life Insurance, Spousal Life, Supplemental Life). Thus an employee can elect a plan from the Life Insurance as well as from the Spousal Life plan type.
The following are examples of plan types for each of the plan categories:
Health Plans
- General medical care
- Dental care
- Vision care plan
Insurance Plans
- Basic life insurance
- Dependent life insurance
- Supplemental life insurance
Savings Plans
- Retirement plan
- Savings plan
Stock Purchase Plans
- Own company stock plan
Flexible Spending Accounts
- Health care spending account
- Dependent care spending account
Credit Plans
- Cafeteria plan
Miscellaneous Plans
- Company car
- Decide which benefit plan types are needed within your organization.
- Choose New entries.
- Enter a four-character identifier, description, and corresponding plan category for each plan type.
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Save your entries.
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Length: 3083 Date: 20240523 Time: 174719 sap01-206 ( 42 ms )