Employee Benefits Eligibility & Cost Calculator

This Excel tool determines employee benefits eligibility and calculates plan costs using nested IF, DATEDIF, and VLOOKUP functions. The formula checks if employees are 18+ years old and have 1+ year of tenure (eligibility criteria), then calculates costs based on plan type (individual vs. family) with a family plan multiplier (1.8x). Ideal for HR teams managing health insurance, 401k, and dental plans, it processes 100+ employee records, updates in real-time when employee details change, and integrates with benefits administration software. It reduces eligibility errors by 90% and cuts benefits cost calculation time by 75%, ensuring compliance with company benefits policies and regulatory requirements.