Cebs gba 1 stuvia 2024 - Study guides, Class notes & Summaries
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CEBS GBA 1 Practice Exam Questions (2022-2024)UPDATE VERIFIED BY EXPERTS!!
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A prescription drug rebate occurs when: - ANSWERThere is an agreement between a pharmacy benefit manager and a drug manufacturer. 
 
The concept designed to make victims of losses whole again reflect the principle of: - ANSWERIndemnification 
 
A healthcare plan that has no restrictions on a member's choice of provider, no "steerage," and no basic utilization management is known as: - ANSWERIndemnity plan 
 
The legislation that plays a fundamentally important role in protecting sensiti...
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CEBS GBA Exam 1 Questions & Answers 100% Correct!!
- Exam (elaborations) • 49 pages • 2024
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Broad view of Employee Benefits (Mod 1.1) - ANSWERConsiders Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) 
 
Narrow view of Employee Benefits (Mod 1.1) - ANSWERAny type of plan sponsored or initiated by Employees and Employers and engaged in providing benefits that result from the employment relationship and ...
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CEBS - GBA 1 - Practice Exam Questions & Answers 100% Correct!!
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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? - ANSWERThe 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? - ANSWERIt is a mathematical process that removes anomalies that should not appear in t...
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CEBS GBA - Module 1 (1) Questions & Answers 100% Correct!!
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Fringe Benefits - ANSWERAddition of benefits as an offset to higher labor 
 
Broad View - ANSWER"Virtually any form of compensation other than direct wages" 
 
Limited (Narrow) View - ANSWERBenefits that stem from an employment relationship, not underwritten or paid for directly by the government 
 
Reasons for growth in Employee Benefit Plans - ANSWERBusiness, tax legislation, collective bargaining, efficiency of the approach 
 
Labor Management Relations Act (Taft Hartley Act) - ANSWERAd...
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CEBS GBA 2 - Module 1 (2023-2024)UPDATE ANSWERED 100%
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Categorize the broad approaches to health care reimbursement methodologies. - ANSWERA limited number of payment methodologies are used to reimburse providers. Payment methodologies fall into two broad classifications: fee-for-service and capitation. Under fee-for-service, of which many variations exist, the greater the amount of services provided, the higher the amount of reimbursement. Under capitation, a fixed payment is made to providers for each covered life, or enrollee, independent of the ...
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CEBS - GBA 1: Directing Benefits Programs Part 1 CORRECT 100%
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______ View is any type of plan sponsored and engaged in providing benefits that result from employment relationship and that are not underwritten or paid directly by government - ANSWERNarrow View 
 
A behavioral health care carve-out program usually operates under a separate contract and from a separate company known as a(n): - ANSWERManaged behavioral health care organization (MBHO) 
 
A dental plan in which certain procedures are reimbursed on a scheduled basis and others are reimbursed on a...
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CEBS: GBA 2, Module 1 Questions & Answers(GRADED A+)
- Exam (elaborations) • 9 pages • 2024
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attraction of private exchanges for employers - ANSWEROne big attraction of private exchanges for employers is the opportunity to change 
from a traditional premium contribution model, where the employer typically pays 
75-80% of the premium, or premium equivalent rate, to a defined contribution 
model. Because private exchanges provide a wider array of choices to 
employees, the employer can more easily change from the traditional contribution 
model to a defined contribution model where a flat...
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CEBS GBA 1 - Employee Benefits: The Environment Questions & Answers 100% Correct!!
- Exam (elaborations) • 7 pages • 2024
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Employee Benefits - ANSWERAll forms of financial returns and tangible services and benefits employees receive as part of an employment relationship 
 
Broad View of Employee Benefits - ANSWEREmployee benefits are virtually any form of compensation other than direct wages 
 
What benefits are included in the broad view of employee benefits? - ANSWER1. Employers' share of legally required payments (Social Security, Medicare, unemployment insurance, and workers' comp benefits) 
2. Payments fo...
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CEBS: GBA 1, Module 1 Questions & Answers 100% Answered!!
- Exam (elaborations) • 7 pages • 2024
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Employee Benefits - ANSWERAll forms of financial returns and tangible services and benefits employees receive as apart of an employee relationship 
 
Broad View of Employee Benefits - ANSWERVirtually any form of compensation other than direct wages, including: 
1. Employer's share of legally required payments (Social security and medicare, unemployment insurance and worker's compensation benefits) 
2. Payment for time not worked (paid rest periods, paid sick leave, paid vacations, holida...
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CEBS - GBA 1 Test Questions & Answers 100% Correct!!
- Exam (elaborations) • 7 pages • 2024
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Briefly summarize the methods that can be used for handling risk (39-42) - ANSWER1) avoidance : Avoidance means that you avoid the risk altogether. You can't break your leg skiing if you don't go skiing 2) Control: Reducing the risk of something.. ex: reducing your risk of a heart attack by giving up smoking 3) Retention: Retention is the risk is assumed and paid for by the person suffering the loss or taking responsibility for the loss 4) Transfer: Concept in which one switches the financ...
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