Oracle HCM Overview: Benefits

This video explains how Oracle HCM Cloud Benefits provides a flexible and robust solution for managing complex employee benefit offerings, particularly for public sector organizations with diverse populations. It details how benefits are structured through programs, plan types, and plans, with crucial eligibility profiles defining who can access specific benefits based on various criteria like employment details or personal factors. The system also supports different enrollment rules and rate structures, even allowing for compliance with regulations like the Affordable Care Act and enabling benefit administration for retirees.