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Late-Year Life Events With Cross-Plan Year FSA Rate Start Produce Incorrect Rate Values (Doc ID 2620209.1)

Last updated on DECEMBER 18, 2019

Applies to:

Oracle Advanced Benefits - Version 12.1 HRMS RUP12 and later
Information in this document applies to any platform.

Goal

On : 12.1 HRMS Rup 12, Advanced Benefits

Employees that are newly eligible in Nov/December with a coverage/rate start date in 2019
   - Who enroll in a Flexible Spending plan
   - Are not calculating the per pay rate based on the remaining pays in 2020.

 

Health Care Spending Plan Info:

Life Event Occurred 09-Nov-19  
Coverage Start Date 01-FEB-20  
Rate Start Date 09-FEB-20  
Annual Election $ 200  
Pay Period Deduction:    

Expected

 

 

$ 8.70

 

 

  23 Pay Periods left between
09-FEB-20 and 31-Dec-20
$200/23 = $8.70

 

Actual (Incorrect)

 

 

$ 8.00

 

 

25 Pay Periods between
01-Jan-19 and 31-Dec-19
$200/25 = $8.00

 

   

Solution

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In this Document
Goal
Solution
References


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