Company Contribution Carryover for Age-Banded Medical Plans

Managing age-banded medical buy-up plans just got easier. You can now carry your company's contribution from a base medical plan directly to a buy-up plan, eliminating manual cost calculations and helping ensure employees see accurate costs during enrollment.

What's new

When configuring an age-banded medical buy-up plan, you can now apply the company contribution from another medical plan's eligibility group. BambooHR automatically carries over the appropriate contribution for each age tier and calculates employee costs for you.

If the base plan's contribution changes, linked buy-up plans automatically reflect the updated contribution, reducing ongoing maintenance and helping keep costs accurate.

To help protect plan configurations, BambooHR also prevents deleting a base plan or eligibility group while other plans depend on it, making it easier to avoid accidental disruptions.

What you'll see

Within an age-banded medical plan's eligibility group settings, you will see a new option to use the company contribution from another plan. After selecting a base plan and eligibility group, the contribution amounts populate automatically, and employee costs are calculated using those values.

If a plan is being used by other plans, BambooHR will display a message before allowing it to be deleted.

What you can do

If you currently use the Variable Rate option to manually calculate employee costs for age-banded buy-up plans, you can switch to this new configuration to automate contribution carryover and cost calculations. Simply configure your base plan first, then link eligible buy-up plans as needed.

As always, we love your feedback! To provide product feedback on this feature and more, head over to our product feedback page and let us know how we’re doing.