Cebs gba 1 2 and 3 Study guides, Class notes & Summaries

CEBS GBA Exam 2 2023 LATEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - ANSWER Rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. What are economic benefits of a free market? (Mod 1.1) - ANSWER If an individual does not...

CEBS GBA 1 - Directing Benefits Programs Exam Questions & Answers | Already Passed Broad view of Employee Benefits - This view sees employee benefits as virtually any form of compensation other than direct wages. Components of the Broad view of Employee Benefits - 1. Employer's share of legally required payments (Social Security and Medicare, unemployment insurance, and worker's compensation benefits) 2. Payments for time not worked (e.g. paid rest periods, paid sick leave, paid vacati...

CEBS - GBA 1, 2, and 3 – Actual Exam Questionsand Answers (CEBS GBA 1, 2, and 3 Exam) (Graded A) (Best Studying Material) ( Combined Version)

CEBS GBA Exam 3 Questions & Answers 2023/2024 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...

CEBS GBA 1 - Directing Benefits Programs Exam Questions & Answers | Already Passed Broad view of Employee Benefits - This view sees employee benefits as virtually any form of compensation other than direct wages. Components of the Broad view of Employee Benefits - 1. Employer's share of legally required payments (Social Security and Medicare, unemployment insurance, and worker's compensation benefits) 2. Payments for time not worked (e.g. paid rest periods, paid sick leave, paid vacati...

CEBS GBA 1 Assignment 3 Questions and Answers All Correct prepaid service plans - 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 - Answer-plans that reimbursed or indemnified a set dollar amount to the subscriber first dollar coverage - Answer-plan pays benefits from the minute an expense is incurred. the subscriber pays no expense. this model was used ...

CEBS GBA 1: Assignment 1 2013 Learning Guide for GBA 1 (Group Health Plan Design) 2023 LATEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ Broadview of employee benefits - ANSWER any form of compensation other than dirext wages paid to employees. includes gov required benefits and private plans. employers share of soc security tax, paid vacation and pension plans. narrow view of employee benefits - ANSWER any type of plan sponsored or initiated unilaterally or jointly by employers...

CEBS - GBA 1 AND 2- PRACTICE EXAM QUESTIONS AND ANSWERS 2024 WITH COMPLETE SOLUTION 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? Ans- 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?...

CEBS GBA 2 Life Insurance Exam Questions and Answers list the death benefit tips provided via employee benefits - Answer-1 group term life 2 group dependent life 3 group AD&D insurance 4 group travel accident insurance 5 joint and survivor annuity benefits under retirement plans 6 preretirement annuity benefits 7 supplemental/optional life ins for employees and dependents what law mandates that survivor benefits to spouses? - Answer-ERISA and REA What is REA, retirement equity ac...