Many of the people who are working in Oracle HRMS may heard about the advance benefits but nobody dont know the steps in it because only it can be implemented in North america as of now.
Let me give the clear view regarding this Oracle Advance Benefits. There are 3 levels of benefits available
Oracle Basic Benefits
Oracle standard benefits
Oracle Advanced Benefits
Oracle Basic benefits is on core part of the HRMS product. Oracle basic benefit allows for element based benefit processing. In this basic model, the element and element link have limited eligibility restrictions and functionality. The election opportunities or enrollments made under this model are not available for display under any enrollment forms in standard or Advanced Benefits.
Oracle Standard Benefits is considerably more powerful than the earlier Oracle Basic Benefits. Within this product, clients have the added capability of eligibility determination using profiles with a variety of criteria, and using enrollment forms to enter election information.