Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
Minimum coverage formula prevents previous coverage default — Cloud Customer Connect
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

Minimum coverage formula prevents previous coverage default

Received Response
11
Views
4
Comments
edited Mar 15, 2021 3:27PM in Benefits 4 comments

Content

hi Experts

We have a requirement that an employee who has already purchased a benefit can only decrease coverage by 50,000 (one increment) during the open election.

As we already had a maximum coverage formula to restrict maximum coverage in the same way I amended this and applied to a minimum coverage formula.

The formula does work and does restrict coverage to only decrease by 50,000. However since i applied the formula, the existing coverage no longer rolls over into the open election.

For example an employee purchases 400,000 or cover last year. Previously when i processed the open election for this year the 400,000 of existing coverage rolls over into this election.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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