How do I verify the Medicare premium?
A Medicare premium is a sum paid in advance for a contract of Medicare insurance. Use Verify Medicare Premium to check the transaction total, the sum of transactions created for Medicare, against the Medicare premium total, the sum calculated by the system for Medicare amounts. If the routine identifies a difference of $1.00 or more, the difference is listed on the Checkout report as an error.
Under normal circumstances, the transaction total should equal the calculated Medicare premium. A difference of less than $1.00 is acceptable to Medicare; however, a difference of more than $1.00 is not acceptable and must be corrected.
Verifying the Medicare premium
1. Open Connect Payroll > Organization > Checkout.
2. Click to select the checkbox titled Verify Medicare Premium.
3. Use the fields titled Beginning Date and Ending Date to enter the calculation date range.
4. Click GO (CTRL+G).
The Checkout Report lists employee records when the sum of all of the employee's Medicare premiums differs from the calculated transaction total by more than one dollar.
Fixing errors in the Medicare premium
Call customer service (800) 243-8275 to help you analyze the employee data and make the necessary adjusting entries.
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