MyBenefits Premium Recovery Reports - Reference Guide
Your MyBenefits Premium Recovery Report on FMI Online provides the most up-to-date health benefits cost information by a staff person. Updated FMI reports are available the day after each semi-monthly commission cycle.
Important! Share this recovery report with your local payroll administrator after each commission cycle to ensure appropriate deductions are being applied for each staff person.
Accessing Your Current Report
Use the following instructions to access your latest MyBenefits report on FMI Online.
Open FMI Online
Navigate to "FR Reports"
Find the report name "My Benefits Staff Premium Recovery Detail Report -FR" under All Reports
Click "Run Standard Report"
Back on the FMIO Screen, click on "View Completed Reports"
On the next screen, the report name should appear and you can click to open
Accessing Previous Reports
Use the following instructions to access the same report for the last semi-monthly cycle.
ReClick “Run Custom Report”
Repeat steps 1-3 above
On the next screen, you will have to insert a cycle date (e.g., 1/23/2019), then Run
Back on the FMIO screen, click on “View Completed Reports”
On the next screen, select the correct version of the report and click to open
Direct Billing
Representatives on direct billing will not have Premium Deduction Reports on FMI Online. Refer to instructions received via email and mail communications for more information. For additional support, contact the MyBenefits Solution Center at (800) 932-1806.
Understanding Your Report
Staff persons that have elected benefits will show on this report. In this example, the total semi-monthly cost for your staff persons’ health benefits is $541.75. This amount is charged to your 1210 account each semi-monthly cycle. You should then recoup $115.12 from your staff, as that is their cost based on your sponsorship subsidy level (50% for dental, 80% for medical, 100% for vision, staff only).
1. Summary: The top “Summary” section reflects the cumulative amount for all staff persons.
2. Staff: The next section, “Staff,” shows the breakdown for each staff person’s benefits and associated costs.
3. Adjustments: The dollar amounts noted under the “Staff – Adjustments” portion reflects any additional, one-time charges needed with the current cycle, and typically indicate a change with a retroactive effective date.
4. Imputed Income: The “Imputed Income” section of the report will only display if a staff person has a non-qualified participant on their plan. This amount would be added to your staff person’s taxable income and does not require a deduction.
5. Current Cycle Amount: The dollar amount noted under the “Current Cycle Amount” column represents half of the total monthly premium. This is the total amount that will be charged to your 1210 account each cycle but does not reflect your final out-of-pocket cost.
6. Recover from Staff Persons: The dollar amount noted under the “Recover from Staff Persons” column indicates the amount that should be recovered from that staff.
Note: Provide this amount to payroll for the appropriate deductions.
$541.75 (Total Cost) – $115.12 (Staff Portion) = $426.63 (Employer’s Subsidy Amount)
For Information about Premium Deductions Process - Reference Guide, please click here
