Cebs gba 1 Study guides, Class notes & Summaries

A prescription drug rebate occurs when: - correct answer There 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: - correct answer Indemnification The design of any employee benefit plan should start with deciding: - correct answer What are the overall objectives of the plan. A peril as the term applies to the insurance mechanism is defined as: - correct answer The cause...

CEBS GBA 1 Practice Exam Questions and Answers 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? - Answer-The 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? - Answer-It is a mathematical proc...

CEBS GBA 1 Practice Exam (98 Questions) With 100% Verified Answers

CEBS - GBA 1, 2, and 3 – Actual Exam Questions And Answers (CEBS GBA 1, 2, and 3 Exam) (Graded A) 2023 CEBS - GBA 1, 2, and 3 – Actual Exam Questions And Answers (CEBS GBA 1, 2, and 3 Exam) (Graded A) 2023 CEBS - GBA 1, 2, and 3 – Actual Exam Questions And Answers (CEBS GBA 1, 2, and 3 Exam) (Graded A) 2023 CEBS - GBA 1, 2, and 3 – Actual Exam Questions And Answers (CEBS GBA 1, 2, and 3 Exam) (Graded A) 2023

prepaid service plans - correct answer this type of plan provided a set allowance (level of benefit) for hospital/medical services and paid them directly to the provider ex: blue cross blue shield indemnity plans - correct answer plans that reimbursed or indemnified a set dollar amount to the subscriber first dollar coverage - correct answer plan pays benefits from the minute an expense is incurred. the subscriber pays no expense. this model was used in early hospital and medical ...

CEBS GBA 1 Practice Exam Questions and Answers 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? - Answer-The 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? - Answer-It is a mathematical ...

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? - The 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? - It is a mathematical process that removes anomalies that should not appear in the mort...

CEBS GBA 1 Practice Exam Questions