XCEL Chapter 11 Review Practice Test Questions & Answers.

XCEL Chapter 11 Review Practice Test Questions & Answers. 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 employer pays the premiums - CORRECT ANSWER In the event of employment termination, group health insurance can be kept if the employee pays the premiums Credit Accident and Health plans are designed to? A. permit creditors the ability to require that coverage be purchased through insurers of their choice B. provide permanent protection C. help pay off existing loans during periods of disability D. not permit free choice of coverage selection - CORRECT ANSWER help pay off existing loans during periods of disability Ron has a new employer and wishes to enroll in the company's group health plan. In determining whether his pre-existing health condition applies, Ron cannot have more than a ___ day gap without previous health insurance. A. 45 B. 63 C. 75 D. 90 - CORRECT ANSWER 63 Health insurance involves two perils, accident and ____. A. death B. sickness C. disability D. liability - CORRECT ANSWER sickness