Cebs gba 1 - Study guides, Class notes & Summaries

3 types of total compensation/benefits policies that an employer could adopt - ANSWER1. follow the company's own prevailing compensation/benefits level in their firms industry or community or both 2. high comp/benefits policies attempt to attract higher levels of managment, technical and general employee talent 3. low compensation/benefits policies are lower than average and more modest in scale Broadview of employee benefits - ANSWERany form of compensation other than dirext wages paid ...

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 ...

Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - It is a mathematical process that removes anomalies that should not appear in the mort...

CEBS GBA 1 Practice Exam (98 Questions) With 100% Verified Answers

CEBS GBA 1 Practice Exam Questions and Answers Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - Answer-The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - Answer-It is a mathematical ...

CEBS GBA 1 Practice Exam Questions and Answers Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - Answer-The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - Answer-It is a mathematical proce...

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 Practice Exam Questions

Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - It is a mathematical process that removes anomalies that should not appear in the mort...

Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - It is a mathematical process that removes anomalies that should not appear in the mort...