CEBS GBA 1 PRACTICE EXAM REVIEW / STUDY
GUIDE QUESTIONS AND VERIFIED ANSWERS
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A prescription drug rebate occurs when:
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:
Indemnification
The design of any employee benefit plan should start with deciding:
What are the overall objectives of the plan.
A peril as the term applies to the insurance mechanism is defined as:
The cause of loss
A healthcare plan that has no restrictions on a member's choice of provider, no
"steerage," and no basic utilization management is known as:
Indemnity plan
,The legislation that plays a fundamentally important role in protecting sensitive patient
information gathered during behavioral treatment is:
Health Insurance Portability and Accountability Act (HIPAA)
A dental plan in which certain procedures are reimbursed on a scheduled basis and
others are reimbursed on a nonscheduled basis is called a(n):
Combination plan
Regarding return on investment (ROI) evaluations and calculations, ROI evaluations
usually:
Only consider the payback for the investor in terms of the money they get back for the
money they put in.
A behavioral health care carve-out program usually operates under a separate contract
and from a separate company known as:
a Managed Behavioral Health Care Organization (MBHO)
There can be great variability in employer spending to sponsor a workplace wellness
program. The cost of these programs per employee per year typically ranges from:
$0-$450
Regarding employee benefit planning, the functional approach is:
,Compatible with both the compensation/service oriented benefit philosophy and the
needs-oriented benefit philosophy
The landmark "Inland Steel Case" had extreme importance because it:
Stated the employer had the duty to bargain in good faith over wages which also
included insurance and fringe benefits
Money forfeited by employees under the use-it-or-lose-it rule in cafeteria plans is called
an experience gain. These experience gains may not be:
Returned to the employees who incurred the forfeitures.
They may be:
- retained by the employer
- used to reduce admin expenses
- used to reduce employer's required salary reduction amounts
- donated to charity
Numerous studies have examined the effectiveness of workplace wellness programs in
promoting health or preventing disease. How effective are they proven to be based on
the studies?
These programs have had limited evidence of their effectiveness.
Generally in a premium conversion cafeteria plan:
There are no employer contributions.
, The "managed care backlash" of the late 1990s created significant growth in which of
the following types of health care organizations?
Preferred Provider Organizations (PPOs)
For a cafeteria plan to be afforded favorable tax treatment, the plan must allow
participants to choose between how many benefits consisting of cash (or a taxable
benefit that is treated as cash) and qualified benefits?
Two or more
The maximum annual contribution that can be made to a health savings account (HSA)
is:
A flat dollar amount for individuals and a flat dollar amount for families
When a participant of a cafeteria plan makes a one-time election on coverage that stays
in force from plan year to plan year unless the participant elects to make a change
during the applicable election period, it is referred to as a(n):
Evergreen election
Which risk-handling techniques are being used by a firm that decides to not produce a
dangerous chemical, to purchase insurance with a $10,000 deductible on its assets and
to install a fire sprinkler system throughout the plant?
Avoidance, retention, insurance and control
Which Of The Following Statements Regarding Dental Care And The ACA Is Correct?
- Dental Care Is Not An Essential Benefit For Adults In The ACA
GUIDE QUESTIONS AND VERIFIED ANSWERS
LATEST UPDTE 2026 FOR GUARANTEED SUCCESS
GET IT NOW
A prescription drug rebate occurs when:
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:
Indemnification
The design of any employee benefit plan should start with deciding:
What are the overall objectives of the plan.
A peril as the term applies to the insurance mechanism is defined as:
The cause of loss
A healthcare plan that has no restrictions on a member's choice of provider, no
"steerage," and no basic utilization management is known as:
Indemnity plan
,The legislation that plays a fundamentally important role in protecting sensitive patient
information gathered during behavioral treatment is:
Health Insurance Portability and Accountability Act (HIPAA)
A dental plan in which certain procedures are reimbursed on a scheduled basis and
others are reimbursed on a nonscheduled basis is called a(n):
Combination plan
Regarding return on investment (ROI) evaluations and calculations, ROI evaluations
usually:
Only consider the payback for the investor in terms of the money they get back for the
money they put in.
A behavioral health care carve-out program usually operates under a separate contract
and from a separate company known as:
a Managed Behavioral Health Care Organization (MBHO)
There can be great variability in employer spending to sponsor a workplace wellness
program. The cost of these programs per employee per year typically ranges from:
$0-$450
Regarding employee benefit planning, the functional approach is:
,Compatible with both the compensation/service oriented benefit philosophy and the
needs-oriented benefit philosophy
The landmark "Inland Steel Case" had extreme importance because it:
Stated the employer had the duty to bargain in good faith over wages which also
included insurance and fringe benefits
Money forfeited by employees under the use-it-or-lose-it rule in cafeteria plans is called
an experience gain. These experience gains may not be:
Returned to the employees who incurred the forfeitures.
They may be:
- retained by the employer
- used to reduce admin expenses
- used to reduce employer's required salary reduction amounts
- donated to charity
Numerous studies have examined the effectiveness of workplace wellness programs in
promoting health or preventing disease. How effective are they proven to be based on
the studies?
These programs have had limited evidence of their effectiveness.
Generally in a premium conversion cafeteria plan:
There are no employer contributions.
, The "managed care backlash" of the late 1990s created significant growth in which of
the following types of health care organizations?
Preferred Provider Organizations (PPOs)
For a cafeteria plan to be afforded favorable tax treatment, the plan must allow
participants to choose between how many benefits consisting of cash (or a taxable
benefit that is treated as cash) and qualified benefits?
Two or more
The maximum annual contribution that can be made to a health savings account (HSA)
is:
A flat dollar amount for individuals and a flat dollar amount for families
When a participant of a cafeteria plan makes a one-time election on coverage that stays
in force from plan year to plan year unless the participant elects to make a change
during the applicable election period, it is referred to as a(n):
Evergreen election
Which risk-handling techniques are being used by a firm that decides to not produce a
dangerous chemical, to purchase insurance with a $10,000 deductible on its assets and
to install a fire sprinkler system throughout the plant?
Avoidance, retention, insurance and control
Which Of The Following Statements Regarding Dental Care And The ACA Is Correct?
- Dental Care Is Not An Essential Benefit For Adults In The ACA
