Question 1

Which of the following provides a range of comprehensive health care services to a group of subscribers in return for a fixed premium?

Accepted Answer

A)  APO. 
B)  HMO. 
C)  POS. 
D)  PPO. 
A)  APO. 
B)  HMO. 
C)  POS. 
D)  PPO. B

Question 2

Which of the following is a mandate that employers providing group or self-funded health coverage are required to offer terminated employees the right to purchase continued health care coverage identical to their existing coverage?

Accepted Answer

A)  ACA. 
B)  COBRA. 
C)  HIPAA. 
D)  PPO. 
A)  ACA. 
B)  COBRA. 
C)  HIPAA. 
D)  PPO. B

Question 3

An employee may remove the _________ from a group life insurance policy from their estate by _________ their group life insurance policy to an irrevocable trust.

Accepted Answer

A)  Cash value / assigning. 
B)  Cash value / transferring. 
C)  Death benefit / assigning. 
D)  Death benefit / transferring. 
A)  Cash value / assigning. 
B)  Cash value / transferring. 
C)  Death benefit / assigning. 
D)  Death benefit / transferring. C

Question 4

Which of the following may not receive a fringe benefit?

Accepted Answer

A)  Director. 
B)  Employee. 
C)  Independent contractor. 
D)  Spouse of an employee. 
A)  Director. 
B)  Employee. 
C)  Independent contractor. 
D)  Spouse of an employee.

Question 5

Which of the following is a fringe benefit not included as compensation?

Accepted Answer

A)  Discounts on services, limited to 30% of the price charged to nonemployee customers. 
B)  Educational assistance limited to $7,250. 
C)  Group-term life insurance up to $50,000 of coverage. 
D)  Overtime meal money. 
A)  Discounts on services, limited to 30% of the price charged to nonemployee customers. 
B)  Educational assistance limited to $7,250. 
C)  Group-term life insurance up to $50,000 of coverage. 
D)  Overtime meal money.

Question 6

Which of the following is a type of group disability insurance which provides benefits for two years at the employees' current occupation and thereafter benefits are only available for total disability?

Accepted Answer

A)  Any-occupation. 
B)  Current-occupation. 
C)  Modified own-occupation. 
D)  Own-occupation. 
A)  Any-occupation. 
B)  Current-occupation. 
C)  Modified own-occupation. 
D)  Own-occupation.

Question 7

An adoption assistance program is a separate written plan that meets all of the following requirements except:

Accepted Answer

A)  Employees does not have to provide reasonable substantiation. 
B)  Notice of the program is provided to eligible employees. 
C)  Program does not pay more than 5 percent of its benefits to shareholders or owners during the calendar year. 
D)  Specific rules apply to more than 5 percent owners and highly compensated employee. 
A)  Employees does not have to provide reasonable substantiation. 
B)  Notice of the program is provided to eligible employees. 
C)  Program does not pay more than 5 percent of its benefits to shareholders or owners during the calendar year. 
D)  Specific rules apply to more than 5 percent owners and highly compensated employee.

Question 8

Which of the following is a type of group life insurance in which the employer pays for the cost of insurance and any premium payments made by the employee are used to accumulate cash values in the contract?

Accepted Answer

A)  Group AD&D. 
B)  Group term insurance. 
C)  Group universal life insurance. 
D)  Group Whole life. 
A)  Group AD&D. 
B)  Group term insurance. 
C)  Group universal life insurance. 
D)  Group Whole life.

Which of the following provides a range of comprehensive health care services to a group of subscribers in return for a fixed premium?

Which of the following is a mandate that employers providing group or self-funded health coverage are required to offer terminated employees the right to purchase continued health care coverage identical to their existing coverage?

An employee may remove the _ from a group life insurance policy from their estate by _ their group life insurance policy to an irrevocable trust.

Which of the following may not receive a fringe benefit?

Which of the following is a fringe benefit not included as compensation?

Which of the following is a type of group disability insurance which provides benefits for two years at the employees' current occupation and thereafter benefits are only available for total disability?

An adoption assistance program is a separate written plan that meets all of the following requirements except:

Which of the following is a type of group life insurance in which the employer pays for the cost of insurance and any premium payments made by the employee are used to accumulate cash values in the contract?

Personal Financial Planning

The Statement on Standards in Personal Financial Planning Services

Time Value of Money Concepts

Fundamentals of Personal Financial Planning

Estate Planning Basics

Charitable Gift Planning Basics

Principles of Risk and Insurance

Insurance Planning Basics, Part I

Insurance Planning Basics, Part II

Investment Basics

Investment Planning

Planning for Retirement and Financial Independence

Planning Vehicles for Retirement

Elder Planning Basics

Education Planning Basics

Applications in Estate Planning

Applications in Risk Management

Applications in Investment Planning

Applications in Planning for Retirement

Applications in Executive Compensation Planning

Applications in Personal Financial Planning in Special Circumstances

Delivery Models and Regulatory Issues

Filters

Exam 20: Applications in Employee Benefits Planning

Which of the following provides a range of comprehensive health care services to a group of subscribers in return for a fixed premium?

Which of the following is a mandate that employers providing group or self-funded health coverage are required to offer terminated employees the right to purchase continued health care coverage identical to their existing coverage?

An employee may remove the _________ from a group life insurance policy from their estate by _________ their group life insurance policy to an irrevocable trust.

Which of the following may not receive a fringe benefit?

Which of the following is a fringe benefit not included as compensation?

Which of the following is a type of group disability insurance which provides benefits for two years at the employees' current occupation and thereafter benefits are only available for total disability?

An adoption assistance program is a separate written plan that meets all of the following requirements except:

Which of the following is a type of group life insurance in which the employer pays for the cost of insurance and any premium payments made by the employee are used to accumulate cash values in the contract?

Personal Financial Planning

The Statement on Standards in Personal Financial Planning Services

Time Value of Money Concepts

Fundamentals of Personal Financial Planning

Estate Planning Basics

Charitable Gift Planning Basics

Principles of Risk and Insurance

Insurance Planning Basics, Part I

Insurance Planning Basics, Part II

Investment Basics

Investment Planning

Planning for Retirement and Financial Independence

Planning Vehicles for Retirement

Elder Planning Basics

Education Planning Basics

Applications in Estate Planning

Applications in Risk Management

Applications in Investment Planning

Applications in Planning for Retirement

Applications in Executive Compensation Planning

Applications in Personal Financial Planning in Special Circumstances

Delivery Models and Regulatory Issues

Filters

An employee may remove the _ from a group life insurance policy from their estate by _ their group life insurance policy to an irrevocable trust.