You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register
Get Started with Redwood for Oracle Cloud HCM   Begin Now
To ensure that questions get required attention from community members and are NOT left unanswered, it’s important for the author to indicate (by selecting “Yes” or “No” when prompted) whether the question was answered. (newly added) Please note that it is also important to respond to EACH comment your question receives. Your Yes or No response ensures an accurate status for your question.

For more information, please refer to this announcement explaining best practices for getting answers to questions.

Flex Credits Configuration Not Forfeiting Excess Flex Credits

edited Sep 5, 2020 12:10AM in Benefits 8 comments

Summary

Benefits Flex Credits Setup Gives Participants Full Amount of Credit (Not Forfeiting)

Content

Benefits flex credit amount is too high as the difference between the credit and the cost of the enrolled plan is not being subtracted. 

+736.00 Flex Credit
- 601.52 Medical Insurance
-     1.38 Admin Fee
+602.90 Amount that the Flex Credit Should Be (Issue:  Process is giving 736.00, and not forfeiting the medical insurance and fee)

Setup provides participants a $736.00 per pay period (bi-weekly paid in 1st two pay periods) flex credit to use for medical insurance enrollment for family coverage.  This amount uses an element CONTRIB ER and once enrollment is completed, this same amount shows up as employee earnings on the paycheck rather than a lower amount (cost of insurance and fee).  I.e. difference is not being forfeited.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!