Setting the Minimum Payment Amount

A minimum payment amount can be configured for all benefit products. This is the minimum amount of money that a participant must receive after all deductions have been deducted from the total benefit payment. Deductions that cause the benefit payment amount to fall below the minimum payment amount cannot be processed. For example, if the minimum payment amount is $40 and the total benefit payment will fall to $30 if a particular deduction is processed, the deduction will not be processed. Setting the minimum payment amount ensures that a participant receives an adequate amount of benefit in the event that multiple deductions are processed against the case.