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...

GBA 1 Canada - Key Terms

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? - correct 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? - correct answer It is a mathematical process that removes anomalies tha...

CEBS - GBA 1 - Practice Exam Questions & Answers 2023/2024 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 mat...

UGBA 135 final exam latest 2024/2025 Actual questions and answers 100% Correct;Berkeley.

CEBS: GBA 1, Module 1 (2023/2024) 100% Pass Employee Benefits All forms of financial returns and tangible services and benefits employees receive as apart of an employee relationship Broad View of Employee Benefits Virtually any form of compensation other than direct wages, including: 1. Employer's share of legally required payments (Social security and medicare, unemployment insurance and worker's compensation benefits) 2. Payment for time not worked (paid rest periods, paid sick leave, paid...

GBA 1 Exam : Directing Benefits Programs Part 1 2024 Questions & Answers | 100% Correct | Verified

GBA 1 Canada - Key Terms

UGBA 135 Final

CEBS GBA Exam 1 Question with complete solution 2023Broad view of Employee Benefits (Mod 1.1) 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) Any type of plan sponsored or initiated by Employees and Employers and engaged in providing benefits that r...