FAQ: How are coverage levels determined for evidence of insurability?
Normally, coverage levels are simply the coverage levels associated with a specific
insurance plan. However, you might want the coverage levels in all benefit plans
within a coverage type to be considered when determining changes in coverage levels.
Selecting the
Include All Benefit Plans in Coverage Type for
EOI
check box tells Workday to use all benefit plans.Example: If you have a coverage type for Supplemental Health that has 3 benefit
plans: Plan A, Plan B, and Plan C, coverage for these plans is:
Plan A | Plan B | Plan C |
|---|---|---|
10,000 | 100,000 | 1 x Salary |
25,000 | 200,000 | 2 x Salary |
50,000 | 300,000 | 3 x Salary |
75,000 | 400,000 | 4 x Salary |
Other rules for the event are:
- Maximum Levels of Change Allowed without EOI= 2
- TheInclude All Benefit Plans in Coverage Type for EOIcheck box is selected
An employee with a salary of 40,000 USD currently electing 25,000 USD in Plan A elects 2X in
Plan C. The employee must go through EOI because going from 25,000 USD to 2X (80,000
USD) is a change of 4 levels.
Workday considers the levels as:
- 10,000
- 25,000
- 1X (40,000)
- 50,000
- 75,000
- 2X (80,000)
- 100,000
- 3X (120,000)
- 4X (160,000)
- 200,000
- 300,000
- 400,000