FP 512 Module 5 Exam Questions and Answers Graded A+
family and medical leave act 1993 - Answers provides eligible employees with up to 12 weeks
unpaid leave for certain family and medical reasons and employees maintain health benefits
HIPAA act 1996 - Answers eliminated detrimental aspect of changing jobs and enrolling in new
employer plan that has a preexisting conditions clause
HIPAA definition of preexisting conditions - Answers any medical condition that was treated or
diagnosed within 6 months before enrolling into new plan
how long does COBRA extend benefits for - Answers 18 months
Qualifying Event Termination of the employee (involuntary or voluntary for reasons other than
gross misconduct) or conversion to part-time status - Answers 18 months of continuation
coverage from date of qualifying event
Qualifying Event Death of a covered employee - Answers 36 months for spouse or dependent
Qualifying Event Divorce or legal separation of a covered employee - Answers 36 months for
spouse or dependent
Qualifying Event Loss of dependent status (e.g., child reaching dependency age limit under
employer plan) - Answers 36 months for dependent
Qualifying Event Covered employee becomes eligible for Medicare - Answers 36 months from
the employee's Medicare eligibility date at age 65 (for spouse and/or dependents)
Qualifying Event Employee meets Social Security definition of disability - Answers 29 months
from when meeting definition as determined by the Social Security Administration
hospital transparency rule of 2021 - Answers requires hospitals to post standard charges for
services they provide including rates with insurers
no surprises act of 2022 - Answers prevents patients from receiving surprise medical bills for
emergency services outside of network
transparency in coverage rule 2022 - Answers insurers are required to disclose cost sharing
information negotiated rates and historical payments for health services
inflation reduction act 2022 - Answers limits out of pocket medical costs for medicare part D
beneficiaries to 2k starting in 2025
medicaid - Answers government insurance program for people of all ages who's income is
insufficient to pay for healthcare federally initiated primarily administered and partly funded by
the state
family and medical leave act 1993 - Answers provides eligible employees with up to 12 weeks
unpaid leave for certain family and medical reasons and employees maintain health benefits
HIPAA act 1996 - Answers eliminated detrimental aspect of changing jobs and enrolling in new
employer plan that has a preexisting conditions clause
HIPAA definition of preexisting conditions - Answers any medical condition that was treated or
diagnosed within 6 months before enrolling into new plan
how long does COBRA extend benefits for - Answers 18 months
Qualifying Event Termination of the employee (involuntary or voluntary for reasons other than
gross misconduct) or conversion to part-time status - Answers 18 months of continuation
coverage from date of qualifying event
Qualifying Event Death of a covered employee - Answers 36 months for spouse or dependent
Qualifying Event Divorce or legal separation of a covered employee - Answers 36 months for
spouse or dependent
Qualifying Event Loss of dependent status (e.g., child reaching dependency age limit under
employer plan) - Answers 36 months for dependent
Qualifying Event Covered employee becomes eligible for Medicare - Answers 36 months from
the employee's Medicare eligibility date at age 65 (for spouse and/or dependents)
Qualifying Event Employee meets Social Security definition of disability - Answers 29 months
from when meeting definition as determined by the Social Security Administration
hospital transparency rule of 2021 - Answers requires hospitals to post standard charges for
services they provide including rates with insurers
no surprises act of 2022 - Answers prevents patients from receiving surprise medical bills for
emergency services outside of network
transparency in coverage rule 2022 - Answers insurers are required to disclose cost sharing
information negotiated rates and historical payments for health services
inflation reduction act 2022 - Answers limits out of pocket medical costs for medicare part D
beneficiaries to 2k starting in 2025
medicaid - Answers government insurance program for people of all ages who's income is
insufficient to pay for healthcare federally initiated primarily administered and partly funded by
the state
