Request For Functionality to Round the Age Reduction Coverage (Doc ID 1160753.1)

Last updated on JUNE 07, 2023

Applies to:

Goal

The Age Reduction percentage is applied to the coverage after it has been calculated using the Coverage Formula and the Minimum/Maximum Benefit applied.

For example, for a Coverage Formula = (Base * 2) Round where Round is taken to the nearest 1,000, with a Base of 50,399:

50,399 *2 = (100,798) Round = 101,000 less 15% (age reduction) = 85,850

If, however, the plan had a maximum benefit of 100,000, the calculation would change to the following:

50,399 *2 = (100,798) Round = 101,000

Minimum (calculated 101,000, maximum 100,000) = 100,000

100,000 less 15% (age reduction) = 85,000

Currently there are no rounding rules available for the Age Reduction portion of the Coverage Formula.

Note:  Age reduction is hard-coded to take effect on the employee's birthday, and can NOT be changed using age rules for the insurance plan.

Solution

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