
HW Module 2 Review
Quiz by Jody McNelis
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10 questions
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- Q1Alex was hired on April 1, but did not elect benefits. When he calls the service center on May 15 he asks what coverage, if any, he has. You tell him:No coverage at this pointShort term and Long Term Disability OnlyBasic Life Insurance in the amount of his annual salary and Long Term DisabilityVision and Dental coverage Only30s
- Q2Maria is an exempt employee and according to her plan, her benefits begin on the date of hire. She wants to know how she will pay for her medical and dental benefits. You explain:Premiums for medical will be deducted from her paycheck on a pre-tax basis, while premiums for dental will be deducted on a post-tax basis.The company covers all of her cost for medical and dental insurance.Premiums or contributions will be invoiced on a monthly basis.Premiums or contributions for medical and dental will be deducted from her paycheck on a pre-tax basis.30s
- Q3Ted has a domestic partner whom he wants to cover with his employer-sponsored medical plan. How is covering a domestic partner different from covering a spouse?The employer’s share of the cost of medical coverage for his partner is recorded as imputed income and is taxed.Ted is restricted to the Consumer Choice plans if he wants to cover a domestic partner.There is no coverage for Domestic Partners for any HDHP.The employer doesn’t contribute to the coverage, so Ted has to pay 100% of the cost of the dependent’s coverage.30s
- Q4When a newly-hired employee enrolls a dependent in coverage, when does dependent coverage typically begin?Always on the date the employee was hired.On the same day as the employee’s coverage begins.30 days after the employee enrolls in the coverage.90 days after the start of employment.30s
- Q5Mark is a new hire who elects the Classic PPO plan for himself and his wife. Mark also has a 22 year old son living at home while going to school. His parents support him but Mark will not add the son to the medical plan. If Mark elects a HCFSA, which members of his household may use it?Only Mark and his wifeMark, his wife, and his sonOnly MarkNo one is covered. He does not qualify for a HCFSA.30s
- Q6Gary is electing STD. In considering the different options, he asks what a 30-day waiting period means. You explain:From the time the disability is certified until the plan pays benefits is 30 days.From the time you enroll in benefits, it takes 30 days for them to be active.During the first 30 days after the election, you must submit evidence of insurability.Once Gary is eligible, he will have to wait an additional 30 days before he will be able to enroll.30s
- Q7Nancy is enrolling in the Consumer 1400 plan covering only herself. She sees that the cost for visiting her primary doctor is 20% after deductible. She wants to know what that will cost her. You tell her:She will pay the full network rate to see her doctor until she has met the $1400 deductible; then she will pay 20% of that rate.The network will reimburse Nancy 20% of the total cost once the deductible is met.She will pay 20% of the network rate to see her doctor. The deductible doesn’t apply to primary care office visits.She will pay the full network rate to see her doctor until she has met the $1400 deductible. Then she will have a $20 copay.30s
- Q8Eric is a new hire and wants to elect supplemental life insurance in the amount of $200,000. Eric has a salary of $60,000. What will Eric need to provide to get that level of coverage?Must have a certified W-2 formProof of his salaryEvidence of InsurabilityProof of medical coverage30s
- Q9Harold has heard about Laser Vision Correction, and asks if the vision plan provides that. You check the Enrollment Guide and answer:There is a discount for that procedure when using a VSP-contracted facility.Lasik is an elective procedure and therefore not covered.No, the vision plan only covers glasses and contact lenses.There is a $200 copay for that procedure.30s
- Q10Linda is interested in a Health Care FSA. She wants to contribute $2,000, but isn't sure she can spend it all. She asks what happens to the unspent balance at the end of the plan year. You explain:The unspent balance can be carried over into the new plan year.Any unspent balance will be forfeited.The unspent balance can be transferred to a Dependent Care FSA.The unspent balance becomes taxable income.30s