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

Visit Redwood Community
Employee Coverage Value calculation when age change event occurred — 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

Employee Coverage Value calculation when age change event occurred

Received Response
4
Views
1
Comments

Summary:

When there is a Age changed Life Event occurred , the coverage amount is getting calculated with employee age variable rate factor with his previous election coverage amount . But tested for another employee who is in the same age band with the same variable rate has calculated coverage amount differently.

Content (required):

The Coverage amount value is derived from one of the PostElection formula with the below formula

l_Vol_emp_life_plan_name = 'Vol Employee Life'

l_Enrolled_option = 'Enrolled'

l_vol_emp_life_cvg = ben_fn_get_char_value('BEN_PRTT_ENRT_RSLT','BNFT_AMT',l_Vol_emp_life_plan_name,l_Enrolled_option)

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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