Part 2: Billing/benefit summary
Part 2 summarizes and breaks down your new charges for the current coverage period. The billing summary portion lists the current charges for your account, including the member rate for the coverage period (the total of all rates for members enrolled in your group benefits plan). This portion also displays a summary of adjustments done to your spending accounts, if applicable.
The benefit summary portion breaks down each benefit type’s charges. It displays the total member rate for each benefit type (which is the sum of the rates for all members enrolled in each type of benefit). It also lists the volume of coverage (amount of coverage) for each type of life and disability benefit. This portion also displays the number of members enrolled in each type of benefit.
- The amount of coverage for each type of life and disability benefit
- The total rate due for each type of benefit. This is the total of all member rates for each type of benefit
- Number of members covered under each type of benefit