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| Section | Objectives |
|---|---|
| Topic 1: Benefits Configuration and Setup | - Configure Benefits Offering Structure - Define Plan Types and Options |
| Topic 2: Troubleshooting and Support | - Resolve Enrollment Issues - System Configuration Validation |
| Topic 3: Plan Administration and Maintenance | - Manage Plan Changes and Updates - Manage Benefit Plans and Programs |
| Topic 4: Eligibility and Enrollment Management | - Enrollment Rules and Life Events Processing - Eligibility Profiles Configuration |
Given:
1. A benefits administrator entered a New Hire event on May 1, 2015. The life event originally occurred on January 1, 2015.
2. The Transfer event occurred on January 10, 20lb.
3. The Timeliness rule was configured for both life events to 90 days and the collapsing rule was also set When the participation evaluation process runs on May 5, 2015, the process does NOT evaluate the Marriage event or collapse any events.
Which two are reasons for this?
Correct Answer: C 🗳️
Which is not a valid type of life event?
Correct Answer: A 🗳️
Which is not a derived factor type?
Correct Answer: D 🗳️
Which three areas contain tasks to prepare for an open enrollment period?
Correct Answer: A,B,D 🗳️
Explanation: Only visible for Free4Dump members. You can sign-up / login (it's free).
You are a benefits consultant implementing for a company that offers a life Insurance plan for employees with only one option -Employee Plus Family. The rate for this option is dependent on various factor5 like age/smoking status/gender:
A female employee in the under 40 age group, who is a smoker, wants to purchase $100,000 of life insurance. The plan would be 2.1 (100,000 * 0.21/1000), considering 5100,000 is the coverage she opts for. The calculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).
How can you configure a rate for the company's plan?
Correct Answer: C 🗳️
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