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
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 | |
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 | |
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 | |
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 in IBPN (i.e. '01-JUL'). | B0470 |
Screen captures are meant to be indicative of the concept being presented and may not reflect the current screen design.
If you have any comments or questions please email the Wiki Editor
All content © High Line Corporation