The New Jersey Department of the Treasury announced a first-ever one-month contribution “holiday" for School Employees’ Health Benefits Program (SEHBP) participants (for school districts and their members). The SEHBP Commission voted on August 5 to approve the contribution "holiday" (slated for February 2022) for school districts participating in the plan as of July 1, 2021.
SETUP:
- Select the health plan(s) will be included in the premium holiday
- Go to Personal >>> Set up >>> Health Plans.
- Select the Plan that will be included in the holiday
- Check the box noted below & Save
- Repeat this for all plans that will be included in the premium holiday
- Select the Payroll(s) that will be included in the premium holiday
- Go to Payroll >>> Set up >>> Calendar
- Open up the Calendar and then open up the setting for each payroll in the holiday
- Check the box noted below & save
- Repeat this for all payrolls tat will be included in the premium holiday
PROCESSING:
You will process your payroll and the employee premium holiday will process automatically. Any Health or Prescription plan that has this option enabled will have the following operations applied to the deductions during payroll processing:
- The deduction amount will be stored in an audit field that can be used in reporting.
- The deduction amount will be set to 0
- Normal deduction processing will then be applied (Refunds, Additional Amounts etc..)
In addition, you will see a banner at the top of the payroll screen to remind you that you have enabled the Health Premium Holiday
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