!!!Benefit Reduction Percentage {optional}

This component applies a percentage reduction to the coverage amount based on the
application of a reduction rule.

Is the coverage to be reduced based on a reduction rule?

''Yes: Choose the rule to be used''

''No: Go to [B0470|BC-B0470]''
||Rule||Description||Logic||Assoc.||Go to
|01|Based on Reduction Percentage|Multiplies the coverage value by the reduction percentage found on the Reduction Rule form when the employee is on waiver.|\\|[B0470|BC-B0470]
|02*|Based on Employee’s Age|Multiplies the coverage value by the reduction percentage found on the Reduction Rule form when the employee has a benefit reduction due to age.|\\|[B0470|BC-B0470]
|03|Based on Spouse's Age|Multiplies the coverage value by the reduction percentage found on the Reduction Rule form when the spouse has a benefit reduction due to age.|\\|[B0470|BC-B0470]
|04|Based on Employee Age as of DD-MON of the Current Year|Multiplies the coverage value by the reduction percentage found on the Reduction Rule form when the employee has a benefit reduction due to age as of a certain date on the current year.\\  \\Enter DD-MON in the 'Value' field of the Benefit Components tab (i.e. '01-JUL'). |\\|[B0470|BC-B0470]

[IBPN Benefit Components|IBPN#BenefitComponentsTab]
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![Notes|Edit:Internal.BC-B0460] 	
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