Benefit Regulation | ||
Benefit Eligibility Policy | Benefit Eligibility Rule | Benefit (Example) |
Employee Age | Employee Over 55 Eligible | Enhanced Retirement Savings Plan |
Employee Age | Employee Under 21 not eligible | Product or service with age restriction |
Benefit Categorization | ||
Benefit Plan Type | Benefit Plan | Benefit |
Retirement | Retirement Savings | Enhanced Retirement Savings Plan |
Retail | Product Testing | Free 1 Year Software License |
The benefit regulation is applied via automation using the Benefit Rollout Center, using their employee data stored within the solution, to ensure that only employees entitles to specific benefits receive those benefits as an option.
The benefit regulation and benefit categorization, when applied within the solution work together to ensure that benefits are structured to meet the organizational and employee need.
Benefit structure | |||||
Benefit Eligibility Policy | Benefit Eligibility Rule | Benefit Plan Type | Benefit Plan | Benefit | Employee |
Length of employment | 1 Year of Employment or Greater | Medical Insurance | Family Medical Insurance | Unexpected Illness and Surgery - Family | Single employee ineligible based on benefit structure |
Length of employment | 1 Year of Employment or Greater | Medical Insurance | Individual Medical Insurance | Unexpected Illness and Surgery - Individual | Single employee eligible based on benefit structure |