Exam (elaborations)
CEBS - GBA 1 - Module 4
- Module
- CEBS - GBA 1 - Module 4
- Institution
- CEBS - GBA 1 - Module 4
CEBS - GBA 1 - Module 4
[Show more]
Content preview
CEBS - GBA 1 - Module 4Core benefits - -Benefits intended to address the primary needs of most of
the group members
-Optional benefits - -Additional voluntary benefits generally fully paid for by
the plan member
-Ancillary benefits - -Benefits that reflect needs that influence an
individual's well-being and work productivity
-Insuring provisions - -Provisions in a master contract addressing
definitions, eligibility requirements, commencement and termination of
insurance
-Benefit provisions - -Provisions in a master contract addressing waive of
premium, definition of disability qualifying period, benefit period
-Claims provisions - -Provisions in a master contract addressing
requirements and processes for adjudication and settlement of claims
-Premium provisions - -Provisions in a master contract addressing
obligations for paying premium, including grace period
-Death benefits - -Lump sum benefits to mitigate financial losses due to
death of a covered person
-Income replacement benefits - -Protection against loss of income in the
event of illness or injury resulting in disability
-Extended health care (EHC) benefits - -Non-cash compensation that
protects against expenses arising from unexpected or ongoing medical
conditions
-Traditional benefit plan - -A benefit plan where the plan sponsor makes all
the decisions about what benefits to provide
-Add-ons - -Benefits that plan members can choose to supplement coverage
in certain areas and pay for through payroll deduction
-Modular flex - -A plan that provides members with at least two predefined
benefit modules or packages
-Full flex - -A plan that offers a wide range of different options to plan
members
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Victorious23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £5.94. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82871 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now