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
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01 | Based on Reduction Per- centage | 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 |
