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Flat Range Age Reduction Rounding Rule
Summary:
How to round age reduced coverage values to the next thousand when using a flat range coverage.
Content (please ensure you mask any confidential information):
Coverage is set as a flat range in increments of 10k. From age 65-69 the coverage should be reduced by 35% and then rounded up to the next thousand. For example, if employee is enrolled in 10k before age reduction the new coverage should be 7k (10k * .65 = 6500, rounded up to next thousand = 7k). The drop down for employees in this age range should be 7k, 13k, 20k, 26k, etc. There are no rounding rules on variable coverage profiles. How is anybody else handling this requirement?
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