Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers.
What can you define so that participants who are covered by a plan for less than a full have no premium obligation?
A. Standard Rate Value
B. Standard Coverage Volume
C. Standard input Value
D. Standard wash Rule formula
Which statement about configuring Designation Requirements is true?
A. A Designation Requirement can be configured for a plan with no option.
B. A plan must have multiple options for Designation Requirement to be configured.
C. A plan must have the waive option for Designation Requirement to be configured.
D. A Designation Requirement cannot be configured for a plan with no option.
A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ" as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, the benefits administrator clicked "Collapse Life Event". Upon processing the life event tab, the benefits administrator received an error saying two or more life events were in the detected phase.
Why did the collapsing rule fail?
A. The number of proximity days was specified as 20.
B. The number of proximity days was specified as 0.
C. The life event had expired.
D. The number of proximity days was specified as 15.
Which two are program types when you configure Flex Credits?
A. Other Credits
B. Core
C. Flex
D. Flex Credits and Core
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
A. Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
B. The amount of deduction from employee pay check for enrollment is varied based on a life event.
C. Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.
D. Life eventsaffect benefits processing for a participant.
XX Global Health Plan has multiple options attached.
1.
Option i: XX Annual Health Insurance
2.
Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the
termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event- Termination?
A. Configure Termination as a Lifeevent under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula.
B. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Number of Days from the event" as the enrollment period start date and the number field as 15.
D. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.
E. Configure Termination as a Life event underthe Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self-Set vice. How do you accomplish this requirement?
A. Select Display Signature in the Confirmation section while managing Benefits Self- Service configuration.
B. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for administrators.
C. Select the same administrator category on the Edit Plan Type page while managing Benefits Self-Service configuration.
D. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
E. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
To which two benefits objects can Year Period be attached to?
A. Program
B. Plan Type
C. Plan
D. Option
Which two are correct processes regarding performing the Benefits Extractsetup?
A. Configure plan carrier details and extract options using the Manage Plan Carriers task.
B. Extract benefits enrollment information into separate XML files for each plan and plan carrier.
C. Configure the carrier names for plan types, plans, andoption using the Manage Plan Carriers task.
D. Configure plan carrier details and extract options using the Manage Program Enrollment Requirements task.
E. Extract benefits enrollment information into a single XML file for each plan carrier.
The reinstatement rule enables you to restore elections during which two events?
A. The open event was backed out by the administrator from the Benefits Service Center.
B. The intervening life event activated the open event.
C. An intervening life event backed out the open event.
D. The open event was accidentally backed out.