Updated option cards for life and disability plans in mobile and web enrollments to show the Requested Coverage Cost label. This update applies when:
This label helps employees understand the potential cost per pay period after the evidence of insurability (EOI) is approved. If the plan allows dependent coverage, the requested coverage cost is calculated based on the number of selected dependents. For example, if the requested coverage for each dependent is 5,000 and two dependents are selected, the total requested coverage is 10,000. The requested coverage cost for each pay frequency is calculated based on this total amount. The tooltip for the Requested Coverage Cost label updates based on the number of dependents. The requested coverage cost also shows on the Review and Next Steps screens. This cost isn’t saved when you submit the enrollment and don’t show in the History tab of Benefits. Benefits Administration Updated labels in the Benefits > Benefit Elections screen in People when you add or edit a Dependent Life Insurance plan option with the Coverage Per Dependent checkbox selected and the guaranteed amount defined in Benefits Setup > Plans and Options:
The following labels were added to the Coverage section:
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