100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
XCEL Chapter 4 - Health and Accident Insurance Questions and Answers 2024 $15.49   Add to cart

Exam (elaborations)

XCEL Chapter 4 - Health and Accident Insurance Questions and Answers 2024

 0 view  0 purchase
  • Course
  • Xcel solution
  • Institution
  • Xcel Solution

XCEL Chapter 4 - Health and Accident Insurance

Preview 1 out of 4  pages

  • November 5, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Xcel solution
  • Xcel solution
avatar-seller
Dreamer252
XCEL Chapter 4 - Health and Accident
Insurance

Sole proprietors are permitted tax deductions for health costs paid from their earnings in
the amount of - answer100% of costs

What is issued to each employee of an employer health plan? - answer Certificate

Health insurance will typically cover which of the following perils? - answer Injury due to
accident

The purpose of the Coordination of Benefits provision in group accident and health plan
is to - answer Avoid overpayment of claims

This is achieved by identifying primary and secondary insurers.

Without a section 125 plan in place, what would happen to an employee's payroll
contribution to an HSA? - answer It would be considered taxable income to the
employee

Contribution to an HSA may be made pre-tax under a Section 125 Cafeteria Plan.
Without a section 125 plan in place, it would be considered taxable income to the
employee.

A group disability income plan that pays tax-free benefits to covered employees is
considered - answerfully contributory

Under the Health Insurance Portability and Accountability Act (HIPAA), the employee's
new Group Health Plan will verify Creditable Coverage so that the - answerEmployee's
waiting period for coverage of a preexisting condition can be reduced under the new
employer's health plan

Sonya applied for a health insurance policy on April 1. Her agent submitted the
information to the insurance company on April 6. She paid the premium on May 15 with
the policy indicating the effective date being May 30. On which date would Sonya have
coverage? - answerMay 30

Which of the following is INELIGIBLE to participate in a Section 125 plan? - answerAn
S-Corp owner with a greater than 2% share

Continued coverage under COBRA would be provided to all of the following EXCEPT: -
answera covered employee is terminated for gross misconduct

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Dreamer252. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82215 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.49
  • (0)
  Add to cart