BC-B 0460
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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

RuleDescriptionLogicAssoc.Go to
01Based on Reduction PercentageMultiplies 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 AgeMultiplies the coverage value by the reduction percentage found on the Reduction Rule form when the employee has a benefit reduction due to age.
B0470
03Based on Spouse's AgeMultiplies the coverage value by the reduction percentage found on the Reduction Rule form when the spouse has a benefit reduction due to age.
B0470
04Based on Employee Age as of DD-MON of the Current YearMultiplies 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


Notes #

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