Gba 3 practice exam - Study guides, Class notes & Summaries

CEBS - GBA 1 Exam Questions and Answers Latest 2024 (Verified Solution). 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 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathema...

CEBS GBA Exam 3 Questions & Answers 2023/2024 An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - ANSWER-1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fund...

CEBS - GBA 1 AND 2- PRACTICE EXAM QUESTIONS AND ANSWERS 2024 WITH COMPLETE SOLUTION 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? Ans- 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?...

GBA 1 - Study Guide Questions and Answers Rated A+ What was the purpose of the Health Maintenance Organization Act of 1973? The health maintenance organization action of 1973 provided federal initiatives - consisted of federal grants and loans to organizations wishing to investigate the feasibility of "federally qualified HMO" How did the passage of the Health Maintenance Organization Act of 1973 affect the growth of HMOs? The government began to withdraw its funding during the Reagan adminis...

CEBS GBA Exam 3 Questions with Correct Answers An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - Answer-1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fun...

CEBS GBA EXAM 3 TEST RATED 100% CORRECT Section 209 of ERISA requires plan administrators to retain records related to the determination of each employee's benefit for what could turn out to be decades. List the kinds of Basic Plan Information needed to document the benefits due and/or paid to employees (Mod 6.3) - ANSWER • Properly executed plan documents, amendments and/or restatements, including company resolutions adopting each. Any draft copies maintained on file should be clearly...

CEBS GBA 2 Practice Exam Questions with Correct Answers According to the RAND Health Insurance Experiment, which variable has the greatest power in explaining health expenditures? A.) Welfare eligibility B.) Prior utilization C.) Physical health (based on self-reported measures) D.) General health (based on self-reported measures) E.) Mental health (based on self-reported measures) - ANSWER-B.) Prior utilization A provision in some group life insurance plans that provides for the paymen...

GBA 1 Exam Study Guide | 2024 Questions & Answers | 100% Correct | Verified What was the purpose of the Health Maintenance Organization Act of 1973? - The health maintenance organization action of 1973 provided federal initiatives - consisted of federal grants and loans to organizations wishing to investigate the feasibility of "federally qualified HMO" How did the passage of the Health Maintenance Organization Act of 1973 affect the growth of HMOs? - The government began to withdraw i...

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 Practice Exam 2 Questions and Answers CEBS - GBA Practice Exam 2 Questions and Answers 1. According to the RAND Health Insurance Experiment, which variable has the greatest power in explaining health expenditures? A.) Welfare eligibility B.) Prior utilization C.) Physical health (based on self-reported measures) D.) General health (based on self-reported measures) E.) Mental health (based on self-reported measures): B.) Prior utilization 2. A provision in ...