Rate Plan Types

Rate plans typically fall into specific types that determine premium calculations.

Available in: Lightning Experience

Available in: Professional, Enterprise, and Unlimited Editions where Financial Service Cloud and Insurance Brokerage are enabled

Here are the rate plan types.

Type	Description
Fully Insured Health	Represents premium-based health related coverages such as medical, dental, and vision.
PPPM (Per Person Per Month)	Represents a fee-based service such as Administrative Service Only (ASO) policies and Employee Assistance Programs (EAP).
PMPM (Per Member Per Month)	Represents fee-based services such as Administrative Service Only (ASO) policies and Employee Assistance Programs (EAP).
PEPM (Per Employee Per Month)	Represents fee-based services such as Administrative Service Only (ASO) policies and Employee Assistance Programs (EAP).
Flat Fee Based (Irrespective to number of employees)	Represents fee-based services such as Administrative Service Only (ASO) policies and Employee Assistance Programs (EAP).
Benefit Volume	Represents the sum of coverages for all employees. This premium-based rate plan type is used for Life Insurance, Accidental Death & Dismemberment (AD&D), and Short Term and Long Term Disability
Covered Payroll	Represents the sum of payroll of all employees. This premium-based rate plan type is used for Life Insurance, AD&D, and Disability. Employees are usually covered up to their payroll amount under this type of coverage.
Fully Insured Equivalent	Estimates the premium equivalent to calculate the brokerage commissions.

Rate Plan Line Item

A rate tier is represented by a line item on a rate plan. The number of people enrolled in each tier determines the total premium for that tier.

Available in: Lightning Experience

Available in: Professional, Enterprise, and Unlimited Editions where Financial Service Cloud and Insurance Brokerage are enabled

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