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1. The reinstatement rule enables you to restore elections during which two events?
A) An intervening life event backed out the open event.
B) The intervening life event activated the open event.
C) The open event was accidentally backed out.
D) The open event was backed out by the administrator from the Benefits Service Center.
2. Optional, mandatory for participant
A) Rate visibility issue
B) Creation of enrollment results
C) Enrollment authorization requirements
D) Overspending in flex credit shell plans
3. XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?
A) Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
B) Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan B.
C) Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
D) Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
4. Annual Health Insurance, Monthly Health Insurance
A) Termination Life Event configuration
B) Global Health Plan options
C) Reinstatement rule events
D) Overspending in flex credit shell plans
5. Can you define overspending of a budget pool in flex credit shell plans?
A) Yes, you can define it in the spending options.
B) Yes, you can define it as per the flex credit formula.
C) Yes, you can define it in the standard rates.
D) No, you do not have a place holder.
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A |
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