Cebs gba 1 assignment 3 - Study guides, Class notes & Summaries

prepaid service plans - correct answer this type of plan provided a set allowance (level of benefit) for hospital/medical services and paid them directly to the provider ex: blue cross blue shield indemnity plans - correct answer plans that reimbursed or indemnified a set dollar amount to the subscriber first dollar coverage - correct answer plan pays benefits from the minute an expense is incurred. the subscriber pays no expense. this model was used in early hospital and medical ...

CEBS GBA 1: Assignment 1 2013 Learning Guide for GBA 1 (Group Health Plan Design) 2023 LATEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ Broadview of employee benefits - ANSWER any form of compensation other than dirext wages paid to employees. includes gov required benefits and private plans. employers share of soc security tax, paid vacation and pension plans. narrow view of employee benefits - ANSWER any type of plan sponsored or initiated unilaterally or jointly by employers...

CEBS GBA 1: Assignment 3 Exam Questions and Solutions

3 Types of Hazard - ANSWER1. Physical 2. Moral 3. Morale Advantages of Using Insurance for EE Benefit Plan - ANSWER1. Known premium (control over budget) 2. Outside administration (disputes handled by insurance company) 3. Financial backing (employees may prefer outside funding) 4. Cost management 5. Economy (insurance company can do the job more efficiently and at a lower cost) Adverse Selection - ANSWERExists when individuals who have higher than average risks join a group because...

CEBS GBA 2 Life Insurance Exam Questions and Answers list the death benefit tips provided via employee benefits - Answer-1 group term life 2 group dependent life 3 group AD&D insurance 4 group travel accident insurance 5 joint and survivor annuity benefits under retirement plans 6 preretirement annuity benefits 7 supplemental/optional life ins for employees and dependents what law mandates that survivor benefits to spouses? - Answer-ERISA and REA What is REA, retirement equity act of...

CEBS GBA 1: Assignment 1 Latest Update with Verified Solutions Broadview of employee benefits any form of compensation other than dirext wages paid to employees. includes gov required benefits and private plans. employers share of soc security tax, paid vacation and pension plans. narrow view of employee benefits any type of plan sponsored or initiated unilaterally or jointly by employers and employees engaged in provideng benefits that result from the employment relationship that are not under...

CEBS GBA 1: Assignment 3 Question and answers rated A+prepaid service plans this type of plan provided a set allowance (level of benefit) for hospital/medical services and paid them directly to the provider ex: blue cross blue shield indemnity plans plans that reimbursed or indemnified a set dollar amount to the subscriber first dollar coverage plan pays benefits from the minute an expense is incurred. the subscriber pays no expense. this model was used in early hospital and ...

prepaid service plans - Answer- this type of plan provided a set allowance (level of benefit) for hospital/medical services and paid them directly to the provider ex: blue cross blue shield indemnity plans - Answer- plans that reimbursed or indemnified a set dollar amount to the subscriber first dollar coverage - Answer- plan pays benefits from the minute an expense is incurred. the subscriber pays no expense. this model was used in early hospital and medical plans when costs and utiliz...

prepaid service plans - CORRECT ANS this type of plan provided a set allowance (level of benefit) for hospital/medical services and paid them directly to the provider ex: blue cross blue shield indemnity plans - CORRECT ANS plans that reimbursed or indemnified a set dollar amount to the subscriber first dollar coverage - CORRECT ANS plan pays benefits from the minute an expense is incurred. the subscriber pays no expense. this model was used in early hospital and medical plans ...