Erisa final exam - Study guides, Class notes & Summaries

ERISA Final Exam Questions & Answers 2023/2024 There are two types of benefit plans. What are they? - ANSWER-Welfare: do not vest Pension or retirement: vest What is the definition of vesting - ANSWER-vesting- becoming legally entitled to receive a benefit that cannot be forfeited if employment is terminated what are the two forms of pension plans - ANSWER-Defined Contribution: amount your suppose to contribute Defined Benefit: tells you what benefit you get when you retire ...

HCCA - CHPC Study Questions (MASTER FLASHCARDS) Final EXAM LATEST GRADED A NEW VERSION What is the purpose of HIPAA? - CORRECT ANSWER • Protect PHI from unauthorized disclosure/use; • Prevent fraud, waste and abuse (via Administrative Simplification); • Make health insurance portable under ERISA; • Move health care onto a nationally standardized electronic billing platform Ref. More on HIPAA: HIPAA resides in which CFR section? - CORRECT ANSWER 45 CFR sections 164.102 through ...

HCCA - CHPC Study Questions (MASTER FLASHCARDS) Final EXAM LATEST GRADED A NEW VERSION What is the purpose of HIPAA? - CORRECT ANSWER • Protect PHI from unauthorized disclosure/use; • Prevent fraud, waste and abuse (via Administrative Simplification); • Make health insurance portable under ERISA; • Move health care onto a nationally standardized electronic billing platform Ref. More on HIPAA: HIPAA resides in which CFR section? - CORRECT ANSWER 45 CFR sections 164.102 through ...

CEBS GBA Exam 3 Questions with Correct Answers 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, fun...

HRMT 5324 Employee & Labor Relations Study Guide Final Exam 2024/25 is the ongoing interchange between the union and the employer that identifies their common and specific interests and creates mechanisms to clarify, manage, reduce, and resolve conflicts over their specific interests. - ANSWERSLabor Relations Who are responsible for making operational decisions for corporations? - ANSWERSManagers hired by the shareholders through their elected board of directors A phenomenon that occu...

South Carolina Life and Health Final Exam Questions and Answers 100% Pass A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay 100% of the billed amount What does Coordination of Benefits allow? Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid A waiver of premium rider allows an insured to waive premium payments if ...

CFP Exam 2024 | 665 QUESTIONS| WITH COMPLETE SOLUTIONS GRADED A+. CFP Standards of Conduct Sections (6) Correct Answer: A. Duties owed to clients. B. Fin. Planning and Application of Practice Standards C. Practice Standards for Fin. Planning Process D. Duties owed to firms/subordinates E. Duties owed to CFP Board F. Prohibition on Circumvention Section A of CFP Standards of Conduct Correct Answer: Duties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Dis...

RPA 1 - Final Exam 100 Questions and Answers Latest 2022 Already Passed Top-hat plan A retirement plan that is unfunded and maintained by an employer primarily for the purpose of providing deferred compensation for a "select group of management or highly compensated employees" is called a (n): Economic Benefit A theory of income taxation that imposes current tax liability on taxpayers who receive something of reasonable value is known as the doctrine of: Must be given the election to remain ...

Virginia Life and Health Practice Final Exam with Complete Solutions Under which circumstance may an insurer discontinue a small employer group medical plan? Employer fails to pay the premium prior to the end of the grace period An insured is covered with a health insurance policy. If the insured would like to cancel the policy, he/she must notify the insurance company in writing Who is protected with the "other insurance with this insurer" provision? Insurance company When a pr...

Califomia Life, Accident and Health Insurance Final Exam Questions With 100% Correct Verified Answers When an insurance company requests an attending physician's report, the request must be accompanied by a — ANSWER: Copy ofthe signed authorization Which of these is the automatic mode of settlement for life insurance policy proceeds? ANSWER: lump sum Which ofthe following best describes the statement "the more times an event is repeated, the more predictable the outcome becomes"? - ANSW...