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1. Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers. What can you define so that participants who are covered by a plan for less than a full have no premium obligation?
A) Standard Rate Value
B) Standard Coverage Value
C) Standard Wash Rule Formula
D) Standard Input Value
2. 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 in the standard rates.
C) Yes, you can define it as per the flex credit formula.
D) No, you do not have a place holder.
3. Which two are program types when you configure Flex Credits?
A) Core
B) Other Credits
C) Flex
D) Flex Credits and Core
4. A company wants to display the following text on its Benefit Employee Self Service:
"Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
A) Configure plan type grouping display -> administration usage -> self-service description text
B) Manage enrollment authorization -> self-service usage -> self-service description text
C) Manage enrollment authorization -> administration usage -> self-service description text
D) Configure plan type grouping display -> self-service usage -> self-service description text
5. Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
A) All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
B) All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.
C) All plans can be configured at the plan level.
D) All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A,C | Question # 4 Answer: D | Question # 5 Answer: D |
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