What is 'benefits entitlement' in SAP FS-CM - Claims Management?

benefits entitlement - Overview

• Component: FS-CM

• Component Name: Claims Management

• Description: Entitlement of an insured in statutory health insurance to a medically required service. &EXAMPLE& In the area of dental restoration, insureds are entitled to medically required crowns and dental restoration. In other words, the insured is entitled to dental treatment and dental services/benefits .

benefits entitlement - Details

• 
  Key Concepts: 
  Benefits entitlement is a feature of the FS-CM Claims Management component of SAP software. It allows companies to manage employee benefits, such as health insurance, retirement plans, and other employee benefits. It also allows companies to track and manage employee eligibility for benefits, as well as the cost of providing those benefits. 
  
  How to use it: 
  Benefits entitlement can be used to manage employee benefits in a variety of ways. Companies can use it to track employee eligibility for benefits, manage the cost of providing those benefits, and set up automated processes for enrolling employees in benefits programs. Additionally, companies can use it to track employee contributions to benefit plans and manage the payment of those contributions. 
  
  Tips & Tricks: 
  When setting up benefits entitlement in SAP software, it is important to ensure that all relevant information is accurately entered into the system. This includes employee information, benefit plan details, and payment information. Additionally, it is important to ensure that all employees are enrolled in the correct benefit plans and that their contributions are accurately tracked. 
  
  Related Information: 
  Benefits entitlement is just one feature of the FS-CM Claims Management component of SAP software. Other features include claims processing, claims adjudication, and claims reporting. Additionally, SAP software also offers other components that can be used to manage employee benefits, such as HR-CM Human Resources