Consolidated omnibus b - Study guides, Class notes & Summaries

Sole proprietors are permitted tax deductions for health costs paid from their earnings in the amount of A. costs that exceed 7 1/2 % of AGI B. costs that exceed 10% of AGI C. 100% of costs D. no deduction permitted - ANSWERS100% of costs The purpose of the Coordination of Benefits provision in group accident and health plans is to A. avoid overpayment of claims B. reduce out-of-pocket costs C. reduce adverse selection D. lower the cost of premiums - ANSWERSavoid overpayment of claims...

NAB RCAL-Equal Pay Act of 1963 - correct answer Enforced by EEOC. Prohibits discrimination in pay practices. Equal Pay for Equal Work. Title VII - Civil Rights Act of 1964 & 1991 - correct answer Enforced by EEOC. Prohibits discrimination based on: Race, Sex, Religion, Color, National Origin. In a discrimination suit, the EMPLOYER must prove that discrimination was not a factor in a personnel decision. Age Discrimination Act - correct answer Protects >40. Prohibits forcible retiremen...

When are group disability benefits considered to be tax-free to the insured? - Answer-When the recipient pays the premiums An insurable interest in each other's lives may exist in absence of an economic interest when the individuals are - Answer-Marriage partners What is the elimination period of an individual disability policy? - Answer-Time period a disabled person must wait before benefits are paid What happens to interest earned if the annuitant dies before the payout start date? - An...

WGU D050 HISTORY OF HEALTHCARE IN AMERICA EXAM LATEST 2023- 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS 1. The Social Security is a federal insurance program that provides benefits to: Older Americans who are retired The unemployed and disabled Widows and child survivors of parents regardless of their employment history eligibility Both A and B All of the above 2. Which act eventually lead to the creation of Medicare and Medicaid in 1965? The Model Bi...

SHRM CP Practice Test Questions and Answers Latest | Graded A+. In labor relations, what does the term closed shop mean? A.) The practice of employing only union members B.) allowing federal employees to collectively bargain with management C.) The act of an employer closing a facility to coerce workers to meet a demand D.) A place of employment in which each member of the bargaining unit must join the union after a specified period Correct Answer-A.) The practice of employing only union ...

Annuity -ANSWER -A contract between a person and an insurance company that requires the insurer to make payments to you. -You buy an annuity by making either a single payment or a series of payments -Annuity Death benefits are NOT tax deductible or taxfree Dividends -ANSWER -Declared by the board of directors and cannot be guaranteed -A sum of money paid regularly by a company to its shareholders out of its profits Stock Insurers -ANSWER -Owned by the stockholders who elect the board of...

Life and Health License Maine Already Graded A+ "Completing application" 2 basic Parts: Part 1: general information Part 2: Medical information "Insurance Transaction" (by email or other means) Solicitation Negotiations Sale Advising an individual concerning coverage or claims "Original Medicare" Part A & B (COBRA) Consolidated Omnibus Budget Reconciliation Act requires any employer with 20 or more employees to extend group health coverage to terminated employees and their famil...

ANCC FNP Exam (2023/ 2024) |100% Correct| Questions and Verified Answers | Latest Update| Graded A 1. An adult-gerontology acute care nurse practitioner who specializes in cardiology is asked to give a presentation on lipid-lowering drugs. A major drug company that markets a lipid-lowering medication plans to pay the presenter an honorarium, but asks the nurse practitioner to limit his or her remarks to its drug. This situation presents a: A. breach of contract. B. conflict of interest. C...

BUL 3310 Exam 3 FSU Bailey - Questions and Answers (Complete Solutions) Employees are entitled to twelve weeks of medical leave during a twelve month period The Family and Medical Leave Act guarantees that an employee will be paid one-half his or her salary for up to six months of leave, so long as the leave was for "serious health condition" False Which of the following statements about unemployment compensation insurance is true? - The program is funded and administered by the individual s...

XCEL Chapter 11, XCEL Finial Study PRE-EXAM QUESTIONS & ANSWERS 2023/2024 What does the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 allow an employee to do? A. In the event of employment termination, group health insurance can be kept if the employee pays the premiums B. Receive a tax credit to help offset the cost of health insurance C. Remain on their current coverage for 30 months D. In the event of employment termination, group health insurance can be kept if the em...