Age Based Discount Amount Not Getting Calculated Accurately
(Doc ID 2738007.1)
Last updated on DECEMBER 21, 2020
Applies to:Oracle Health Insurance Enterprise Policy Administration - Version 18.104.22.168.0 and later
Information in this document applies to any platform.
We are testing if the Age Based Discount amount is getting calculated accurately or not. We created a policy with the enrollment product as J20, a scale of 10, state is TAS and calculation input date being 20/11/2020. Based on this the premium schedule selected was between the period 1-10-2020 to 31-03-2021. The monthly premium calculated had a variation of 1.75 dollars.
The issue can be reproduced at will with the following steps:
1. Create a policy with person's date of birth as 1/7/1994, J20 hospital product, state as TAS, scale as 10, excess as 500, calculation date as 20/11/2020
2. Run example calculation and see the ABD discount amount being calculated as $5.86for 14 days and $6.7 for 16 days.
ABD Amount 14 Days = 5.7782
ABD Amount 16 Days = 6.6037
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