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GBA 1 - Practice Exam: Directing Benefits Programs Questions And Answers

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GBA 1 - Practice Exam: Directing Benefits Programs Questions And Answers 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? - correct ans-Avoidance, retention, insurance and control Which of the following statements regarding prescription drug rebates is correct? - correct ans-A rebate occurs when there is an agreement between a pharmacy benefit manager and a drug manufacturer. There are several methods for evaluating health system performance. Accreditation by the NCQA is an example of which of the following methods? - correct ans-Audit performance evaluation 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): - correct ans-Evergreen election The benefit-oriented philosophy of designing employee benefits tends to focus on: - correct ans-Needs of employees The amount of covered medical expenses that a participant must incur before any medical benefits for non-preventive care services or treatment become payable under a plan is known as the: - correct ans-Deductible The Supreme Court decision in National Federation of Independent Business v. Sebelius had a profound effect on the implementation of the Affordable Care Act (ACA). Which of the following statements summarizes the impact of this case? - correct ans-The decision made Medicare expansion by the states voluntary. The Affordable Care Act (ACA) aimed to make health insurance more affordable by providing tax credits to individuals ineligible for other affordable coverage and with income between which of the following limits: - correct ans-100% and 400% of the federal poverty line. The concept designed to make victims of losses whole again reflects the principle of: - correct ans-Indemnification A mechanism by which one attempts either to prevent or reduce the probability of a loss taking place or to reduce the severity of the loss if it does take place is referred to as: - correct ans-Control The Affordable Care Act (ACA), in general, defined a full-time employee as one employed on average at least how many hours per week? - correct ans-30 Dental treatments are placed into ten professional treatment categories. A restorative treatment is: - correct ans- If a cafeteria plan fails to pass the required nondiscrimination testing, then: - correct ans-The highly compensated and key employees are taxed

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Institution: GBA 1
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Uploaded on: October 5, 2024
Number of pages: 6
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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gba 1 practice exam directing benefits programs

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GBA 1 - Practice Exam: Directing Benefits Programs Questions And Answers

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