Cebs gba exam 3 2024 - Study guides, Class notes & Summaries

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...

CEBS GBA 2 Practice Exam Questions with Correct Answers According to the RAND Health Insurance Experiment, which variable has the greatest power in explaining health expenditures? A.) Welfare eligibility B.) Prior utilization C.) Physical health (based on self-reported measures) D.) General health (based on self-reported measures) E.) Mental health (based on self-reported measures) - ANSWER-B.) Prior utilization A provision in some group life insurance plans that provides for the paymen...

CEBS GBA Exam 1 Questions And Answers 2024 Broad view of Employee Benefits (Mod 1.1) - correct answer-Considers 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) - correct answer-Any type of plan sponsored or initiated by Employees and Employers and engaged in prov...

CEBS GBA Exam 3-2024 An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - answer-1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fund or program" for an empl...

CEBS GBA Exam 1 2024 Questions and Answers Verified 100% Broad view of Employee Benefits (Mod 1.1) - correct ans-Considers 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) - correct ans-Any type of plan sponsored or initiated by Employees and Employers and engage...

CEBS - GBA 1 - Practice Exam COMPLETE 2023/2024 1. 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 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathematical process that r...