Cebs gba 1 assignment 1 Study guides, Class notes & Summaries

CEBS GBA 1: Assignment 1

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 and employees engaged in provideng benefits that result from the employment relationship that are not underwritten or paid directly by the gov...

CEBS GBA 1 - Assignment 1 /Complete Questions And Answers (A+)

Risk - Answer- Uncertainty with respect to possible loss. Refers to inability to determine actual number & value of claims a benefit plan will have to meet. Peril - Answer- The cause of (personal or property) loss, destruction or damage. Such as fires, floods, theft, illness and death. Hazard - Answer- Condition that increases the probability that a peril will occur, or increase the severity of the loss when a peril occurs 3 Types of Hazard - Answer- 1. Physical 2. Moral 3. Morale ...

prepaid service plans 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 plans that reimbursed or indemnified a set dollar amount to the subscriber first dollar coverage plan pays benefits from the minute an expense is incurred. the subscriber pays no expense. this model was used in early hospital and medical plans when costs and utilization patterns were...

Broadview of employee benefits - 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 - any type of plan sponsored or initiated unilaterally or jointly by employers and employees engaged in provideng benefits that result from the employment relationship that are not underwritten or paid directly by the gov how many categorie...

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 act of ...

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 and employees engaged in provideng benefits that result from the employment relationship that are not underwritten or paid directly by the gov how...

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 i...