This page (revision-14) was last changed on 26-Nov-2021 10:22 by jmyers

This page was created on 26-Nov-2021 10:22 by JEscott

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Version Date Modified Size Author Changes ... Change note
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13 26-Nov-2021 10:22 7 KB jmyers to previous | to last
12 26-Nov-2021 10:22 7 KB JEscott to previous | to last
11 26-Nov-2021 10:22 7 KB JEscott to previous | to last
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9 26-Nov-2021 10:22 6 KB JEscott to previous | to last
8 26-Nov-2021 10:22 6 KB RForbes to previous | to last Benefit Component ==> BENEFIT COMPONENTS
7 26-Nov-2021 10:22 6 KB RForbes to previous | to last Benefit Components ==> Benefit Component
6 26-Nov-2021 10:22 6 KB RForbes to previous | to last
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Page References

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BENEFIT COMPONENTS
BENEFIT COMPONENTS

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At line 1 changed one line
[Benefit Components] specify all of the rules, usercalcs, elements, field values, factors, and constants associated with a benefit plan.
[Benefit Components|BENEFIT COMPONENTS#Benefit Component Codes] specify all of the rules, usercalcs, [elements|PAY ELEMENTS], field values, factors, and constants associated with a benefit plan.
At line 17 changed one line
Each of the questions shown above may become a component or several components of a benefit plan/coverage, and each component has a number of possible responses or options. In [{$applicationname}], the questions/components are called Benefit Components. The possible options/responses are the Benefit Component Rules.\\
Each of the questions shown above may become a component or several components of a benefit plan/coverage, and each component has a number of possible responses or options. In Personality, the questions/components are called Benefit Components. The possible options/responses are the Benefit Component Rules.\\
At line 25 changed one line
The benefit components allow a great deal of versatility for defining benefit plans. In cases where the existing options may not allow for every possible plan rule, the UserCalc tool has been made available. With this tool, users are given the ability to create a custom calculation to derive necessary information for the plan. Users are also given the opportunity to carry amounts calculated within benefits processing to payroll, and subsequently to employees’ pay stubs and financial ledgers. The link between benefits and payroll is established with pay components.\\
The benefit components allow a great deal of versatility for defining benefit plans. In cases where the existing options may not allow for every possible plan rule, the UserCalc tool has been made available. With this tool, users are given the ability to create a custom calculation to derive necessary information for the plan. Users are also given the opportunity to carry amounts calculated within benefits processing to payroll, and subsequently to employees’ pay stubs and financial ledgers. The link between benefits and payroll is established with [pay components|PAY COMPONENTS].\\
At line 52 changed one line
**The effective date of the IBEN record controls the benefit. If the plan is not yet effective, there is no point in trying to take a premium – the plan will be skipped by UPCALC.
**The effective date of the [IBEN] record controls the benefit. If the plan is not yet effective, there is no point in trying to take a premium – the plan will be skipped by [UPCALC].
At line 55 changed one line
**The BC action for any date component (B0020 – B0270) does not need to be anything but ‘calculate’. The dates are already on the IBEL/IBEN as separate fields.
**The BC action for any date component (B0020 – B0270) does not need to be anything but ‘calculate’. The dates are already on the [IBEL]/[IBEN] as separate fields.
At line 57 changed 2 lines
**B0070, B0130, B0140 are final storage BC’s for Effective, Eligible, Premium Start dates
**B0200, B0260, B0270 are final storage BC’s for Expiration, Eligible Expiry, Premium End dates
**[B0070|BC-B0070], [B0130|BC-B0130], [B0140|BC-B0140] are final storage BC’s for Effective, Eligible, Premium Start dates
**[B0200|BC-B0200], [B0260|BC-B0260], [B0270|BC-B0270] are final storage BC’s for Expiration, Eligible Expiry, Premium End dates
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|[B2016 to B2076]|
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![Notes|Edit:Internal.BENEFIT+COMPONENTS]
[{InsertPage page='Internal.BENEFIT+COMPONENTS' default='Click to create a new notes page'}]
This page (revision-14) was last changed on 26-Nov-2021 10:22 by jmyersTop