CEBS - GBA 1: Directing Benefits Programs Part 1 Questions with Correct Answers

CEBS - GBA 1: Directing Benefits Programs Part 1 Questions with Correct 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 Answer Avoidance, retention, insurance and control A healthcare organization is contemplating a possible investment in a new technology and is conducting a return on investment (ROI) analysis. Which of the following are typically used to define the returns to be valued? I. Savings in time II. Savings in cost III. Cash returns - Correct Answer II and III only Which of the following is (are) reasons typically cited for offering carved-out prescription drug plans? I. The administration costs of carved-out plans are easier to pass along to participants. II. Non-carved-out plans often cost more because some retail chain pharmacy systems turn off monitoring edits when dispensing prescription drugs to these plans' participants. III. Pharmacy benefit managers (PBMs) administering carved-out plans are willing to pay physicians for dispensing certain drugs in the office while non-carved-out plans refuse to do so. - Correct Answer None Which of the following entities are eligible to participate in a cafeteria plan? I. Sole proprietors II. Partners in a partnership III. 2% or greater shareholders in an S-corporation - Correct Answer None A typical behavioral health specialty network includes which of the following healthprofessionals? I. Individual practitioners and