R12 Oracle HRMS Advanced Benefits Fundamentals

What you will learn

This course teaches you how to set up an employee benefits program using Oracle Advanced Benefits. Taking advantage of the full suite of Advanced Benefits features, students learn to manage benefits administration based on employee life events. Enrollment requirements and dependent designations that you can define help you to control elect-ability of benefits. You’ll learn how to manage coverage calculations—for life insurance type offerings—and actual premiums that you pay to third party providers.

For choice-based benefits programs, the course provides an overview of setting up flex credit accruals. For U.S. students, the course offers an introduction to COBRA and HIPAA implementation. You’ll also learn how to enroll a participant into a benefits offering. Lastly, you'll learn the advantages of using the Total Compensation Setup Wizard to create a benefits program.
Audience
 Business Analysts
End Users
Functional Implementer
Project Manager
Sales Consultants

Prerequisites
 Knowledge of common compensation and benefits administration practices
Basic computing skills and understanding of Oracle applications

Course Objectives
 Trigger employee communications
Set up plans subject to US regulations: Imputed Income, COBRA, and HIPAA
Set up the Benefit Service Center, a call center environment for benefits administration
Use the Total Compensation Setup Wizard
Manage employee benefits based on life events
Set up flex credits and benefit pools
Define life event reasons and collapsing events
Schedule an open enrollment period
Set up enrollment requirements, including action items and certifications
Manage suspended elections and interim coverage
Define requirements for dependent designation
Cover dependents and beneficiaries
Set up coverage calculations
Define actual premiums

Course Topics
Overview of Implementing Advanced Benefits
 Introducing Advanced Benefits
Reviewing a Sample Implementation and Enrollment
Following the Implementation Steps

Life Events
 Defining Life Events
Defining Collapsing Life Events
Linking Life Events to Compensation Objects


Benefits Enrollment Requirements
 Introducing Enrollment Requirements
Defining Program and Plan Enrollment Requirements
Defining Action Items and Certifications
Managing Suspended Elections and Interim Coverage’s

Dependent and Beneficiary Designation
 Dependent Coverage Eligibility Profiles
Dependent Designation Requirements
Beneficiary Designations

Activity Rates and Coverage Calculations
 Defining Variable Rate Profiles
Defining Coverage Calculations
Defining Actual Premiums
Setting up Benefits Elements
Defining Standard Contributions and Distributions

Flex Credits and Benefits Pools
 Defining Flex Credits
Defining Benefits Pools

Benefits Communications
 Defining a Communication Type

Online Benefits Services
 Setting up the Benefits Service Center

U.S. Benefits Regulations
 Setting Up Imputed Income Plans
Introducing COBRA
Defining COBRA Programs and Plans
Defining COBRA Life Events and Eligibility Profiles
Defining COBRA Activity Rates
Generating HIPAA Certificates

Benefits Enrollment
 Running the Participation Process
Managing Life Events
Enrolling Participants
Covering Dependents and Designating Beneficiaries
Reviewing Enrollment Results

Total Compensation Setup Wizard
 Using the Total Compensation Setup Wizard