The Provider Coverage Rate Field (PROV_COVRG_RATE) was Removed From the Rate Table for HRMS Versions 9.x
(Doc ID 779657.1)
Last updated on APRIL 21, 2020
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 9 and later
Information in this document applies to any platform.
Per Release HRMS 9.x Upgrade documentation, all benefit rate data is consolidated into a single common structure. The individual Age-Graded, Flat, Salary-Percent and Service tables will be dropped, and all rate data migrated to the new Benefit Rate Tables.
This refers to AGE_COVG_TBL, FLAT_RATE_TBL, SALARY_RATE_TBL and AGE_RATE_TBL are being replaced by BN_RATE_TBL and BN_RATE_DATA.
A viable replacement for the PROV_COVRG_RATE field in HRMS 9.x is requested.
This field is used to establish the total amount that is paid to an insurance provider including the administration fees.
For example: Employee Amount: 50% Employer Amount: 50% Provider Amount: 99%
In this example, the total deduction amount (Non-Taxable Benefit and Before-Tax) is not paid to the provider. The difference (in this example 1%) is kept by the employer as an internal administration fee.
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