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14 Cards in this Set
- Front
- Back
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What program (ACT) protects individuals and their health coverage when their employment is terminated? |
COBRA |
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What provision prevents duplication if a person is covered under more than one policy with the same benefits? |
The coordination of benefits (COB) provision |
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How much participation does a Noncontributory plan require? |
100% |
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Portability is the major advantage to which federal regulation for Group Health Insurance? |
HIPPA (Health Insurance & Portability Act) |
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Employees are issued a proof of coverage known as - |
a certificate of coverage. |
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What Act was signed into law in 2010 to make insurance companies accountable and lower health costs? |
The Federal Patient Protection and Affordable Care Act (PPACA) or commonly called ObamaCare. |
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Which group life plan requires 75% participation? |
Contributory |
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What ACT prevents employers from discrimination based on the disability of an individual? |
ADA (American with Disabilities Act) |
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How many employees are needed for an employer to qualify as a small group? |
2 - 50 employees |
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Which group life plan requires 100% participation? |
Noncontributory |
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How much participation does a Contributory plan require? |
75% |
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Which federal regulation makes Medicare secondary to group health plans? |
TEFRA (Tax Equity & Financial Responsibility Act) |
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With a group health policy, employees do not have to prove - |
evidence of insurability. |
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A group health insurance contract is between the insurer and - |
the policyowners. |
