How to model on - Oracle Standard Benefits (OSB) ?

Hello Guys,

We have an Medical Insurance which is given to employees only at the start of a new year. An employee can select either CASH or CARD.

The eligibility criteria is that it cannot be given to EMPLOYEE alone and can be given to Employee and his/her dependents.

Dependents can ONLY include 1 wife and 'n' number of children's which employee has upto age 20.

Once at the start of a year, if an employee chooses CASH option, then an employee is given one time amount for the entire year. Next year, if an employee wishes he/she can either change to CARD option or carry over the same CASH option.