LIFE, HEALTH ANNUITIES & VARABLE CONTRACTS EXAM QUIZBANK COMPLETE A+ GRADED WITH ACCURATE SOLUTIONS FLORIDA STATE UNIVERSITY.

LIFE, HEALTH ANNUITIES & VARABLE CONTRACTS EXAM QUIZBANK COMPLETE A+ GRADED WITH ACCURATE SOLUTIONS FLORIDA STATE UNIVERSITY.
An employee's group health insurance eligibility can include time "inservice" and also" employment type" (full-time vs. part-time) or minimum
hours worked
True or False? To be eligible for group health coverage the group must be
either a natural group; or an "unnatural group", one which has been
formed the sole purpose of obtaining group insurance.
Verified Answer -false:
To be eligible for group health coverage the group must be a natural
group; one which has been formed for a reason other than the sole
purpose of obtaining group insurance.
Group medical expense plans are required to offer __________ benefits for
all plans which insure fifteen (15) or more people.
Verified Answer -maternity
Michele obtains her health insurance coverage through her employer; her
employer pays 50% of the cost of the insurance and Michele pays the
other 50%
What type of plan does Michele have?
Verified Answer -Michele's plan is a "contributory" plan.
A contributory plan is one where the employer pays for part of the
premium and the insured pays for the other portion. A non-contributory
plan is one where the employer pays for all of the premium