Definition & content
On an "Income Care" premium statement you will find the premiums for the group insurance per coverage: Waiver of premiums and/or Disability. Please note that premium statements are not payment documents.
What kind of information can I find on a premium statement?
The premium statement consists of three parts:
- General information
- Premiums per person, broken down by employer (and possibly employee) contributions
- Total of premiums and taxes
Use
This document can be useful for the following administrative needs:
- to look up employer contributions for your staff members
- to look up your employees' individual premiums (to withhold them from their salary)