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Setting up Company Contributions

When creating and launching Open Enrollment or Initial Enrollment to employees in Zenefits, you are required to add a contribution policy for each line of coverage.

Company contributions can be set up based on:

  • Line of coverage
  • Carrier
  • Plan

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The following calculation methods are available:

  • Fixed dollar amount: if contribution is calculated as a fixed dollar amount
  • Percentage: if contribution is calculated as a percentage of the cost of the plan the employee enrolls in
  • Percentage of plan: if contribution is calculated as a percentage of a specific plan (more information on this scheme can be found here)

Company contribution for dependents are handled by selecting one of these four options:

  • Define total contribution: if the calculation method and amount is the same for employees and dependents
  • All dependents equal: if the calculation method and amount is the same for all dependents, but different from the employee
  • Specify by type: if the calculation method or amount varies based on Type (Employee, Employee + Spouse, Employee + Children, Employee + Family)
  • Specify by quantity: if the calculation method or amount varies based on quantity of dependents (Employee, 1 dependent, +2 dependents, etc)

If choosing to handle with "Specify by type" or "Specify by quantity" you'll have another option for choosing how to apply the premiums:

  • Apply individually: if the total contribution for employees and dependents equals the fixed amount for "Employee" plus the fixed amount for "Spouse", "Children", etc
  • Apply sum: if the total contribution for employees and dependents equals the amount entered

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Company contributions can be defined as the amount of:

  • Amount of premium the employer contributes (default)
  • Amount of premium the employee is deducted

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