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Does High Limit Value Override an Upper Limit Value?
We have set a Variable Coverage Profile up for our Short-Term Disability (STD) to calculate differently for those making $350,000 or more with an Upper Limit Value of $3,500.
We have the High Limit Value set on the Coverage for the Short-Term Disability Plan at $2,500. We have attached the Variable Coverage Profile to the coverage however, it's still capping those making $350,000 or more at $2,500 rather than $3,500.
How can we ensure our set up caps everyone making less than 350K at $2,500 and everyone making more than 350K at $3,500?
I have changed the Derived Factor Determination rule to Annual and End of Calendar Year thinking maybe the calculation would capture the 350,000 and apply the 3,500 cap but it still caps at 2,500 regardless of what I set the determination rule to.