Exam 16: Employee Benefits: Group Life and Health Insurance

Tracy had continuous group health insurance coverage at her previous employer for 6 years.Tracy decided to change jobs.Under federal law,if Tracy changes jobs,the new employer or group health plan must give her credit for previous and continuous health insurance coverage.This characteristic is called

Which of the following statements about cafeteria plans is (are)true? I.Unspent flexible spending account balances are refunded to the employee,tax-free,at year-end. II.Cafeteria plans enable employees to select benefits that meet their specific needs.

High deductible group health insurance plans have all of the following characteristics EXCEPT

Which of the following statements is (are)true with regard to group life insurance? I.Most group life insurance is whole life coverage. II.Most group life insurance plans allow a modest amount of life insurance on the employee's spouse and dependent children.

What is the purpose of stop-loss insurance that is used with self-insured group medical expense plans?

Reasons for having a minimum participation requirement before a group is eligible for insurance include which of the following? I.To lower the expense rate per unit of insurance II.To minimize the possibility of insuring a group which consists largely of unhealthy individuals

Doris started a business 2 years ago.The business has been successful,and Doris is thinking about starting to offer some employee benefits for her workers.She plans to offer a group term life insurance benefit.All of the following are usual eligibility requirements for participation in a group life insurance plan EXCEPT

Under older group medical expense plans,physicians were paid a fee for each covered service and were reimbursed on the basis of reasonable and customary charges,up to a maximum limit.These older group medical expense plans were called

Which of the following statements about group insurance is true?

Which of the following statements about the continuation of group health insurance under the COBRA law is true?

Which of the following statements about group universal life insurance is true?

Which of the following statements about Blue Cross Plans is (are)true? I.They typically provide service benefits rather than cash benefits to members. II.They usually provide very limited benefits for hospital charges.

An HMO that contracts with two or more independent group practices to provide medical services to covered members is called a(n)

Which of the following is (are)characteristics of HMO managed care plans? I.Unlimited choice of physicians and hospitals II.Emphasis on controlling the cost of covered services