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GBA 2 Assignment 1 Questions with All Correct Answers

GBA 2 Practice Exam Questions and Answers All Correct

GBA 2 TEST BANK QUESTIONS WITH ALL CORRECT ANSWERS 2025 LATEST UPDATE

GBA 2 EXAM WITH 100% CORRECT ANSWERS Describe the operation of a retiree health account as a means to provide ER-sponsored retiree medical coverage - Answer-Under a retiree health account program, the ER makes an annual contribution to an account for each EE. The account may grow with interest and the account can be used to pay for medical premiums. If the account is depleted, the EE becomes responsible for medical plan premiums. Some accounts limit the use to payment of retiree medica...

GBA 2 EXAM QUESTIONS 100% CORRECT ANSWERS Which of the following conditions, if satisfied by a participant's spouse, would allow the participant to claim benefits under a dependent care assistance plan for child-care expenses? - Answer-Spouse is employed Which of the following is (are) merits of employer-supported day-care centers? - Answer-The center may be open for different shifts of employees and easily accessible to parents during lunch and break times. The available resources ...

GBA 2 EXAM WITH COMPLETE SOLUTIONS (GRADED A+)

GBA 2 EXAM QUESTIONS AND ANSWERS ALL CORRECT What if no beneficiary is designated in a group life plan? - Answer-Insurer chooses if it goes to a relative or to executor of estate What does assigning life insurance do for an employee? - Answer-Helps remove the proceeds from the gross estate for tax purposes What is the 31-day continuation provision? - Answer-Termed employee has 31 days to decide if they want to convert a plan What is a continuation of insurance provision? - Answer-ER c...

GBA 2 PRACTICE QUESTIONS AND ANSWERS

GBA 2 MODULE 1 TO 4: KEY TERMS

GBA 2 QUESTIONS AND ANSWERS