What do the individual members of a group receive as evidence that they are covered by a group health insurance policy?
B. A certificate of coverage
All of the following are characteristics of group health insurance EXCEPT
B. it is more expensive than individual insurance
Dependent coverage for employees must be made available to a participating employee's spouse or children who are under age
B. 26
Insurers usually allow a period of 30 or 31 days for employees to sign up for health insurance without having to prove evidence of insurability. This period of time is known as the
A. enrollment period
A state law that requires benefits that began to be paid while a health insurance policy was in
force to continue to be paid after the policy is terminated is known as
A. extension of benefits
All of the following are events that terminate coverage EXCEPT
A. a non-disabled dependent child reaches age 25
All of the following could be considered dependents except the insured's
B.
The coordination of benefits provision provides that when a person is covered under more than one plan the
B. primary plan pays up to its limits first and then the secondary plan pays the rest
When both parents have employer-provided
group coverage, which plan would be the primary payer that their children would be covered under?
A. The plan of the parent whose birthday falls earliest in a calendar year
Which federal law requires employers with more than 20 employees to include in their group insurance plan a continuation of benefits provision for all eligible employees?
B. COBRA
The option to elect continuation of benefits after an employee's group plan is terminated expires
D. 60 days after the individual receives notification
A lender, or creditor may sponsor a group health insurance plan for its group of debtors.
This is known as
A. group credit disability insurance
A health insurance plan where the employees pay part of the cost and at least 75% of those eligible must participate in is known as
D. a contributory plan
An insurer requirement that new employees must wait for a certain period of time before they can enroll in an employer's group health plan is called a(n)
D. probationary period
Under COBRA, the maximum period of coverage for termination of employment or a reduction in hours is
A. 18 months
A method of establishing the premium of a
group based on the group's previous claim
experience is known as