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Enrollment Certification Required Fast Formula

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We have a requirement to trigger EOI (proof of good health) when employee chooses coverage amount over 300k.

I created a fast formula of type Enrollment Certification Required to enable the certificate based on coverage amount selected by EE.

However, this FF is being triggered when I add the life event - not when I process the enrollment.

Based on Oracle documentation, this is the right formula to use..Has anyone be able to successfully implement EOI requirement using this FF? 

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