which method of risk assessment is required by ACA for individual and small group health insurance

adjusted community rating More test answers on https://studyhippo.com/ch-6-health-care-systems/

As it pertains to group health insurance, COBRA stipulates that

Group coverage must be extended for terminated employees up to a certain period of time at the former employee’s expense. More test answers on https://studyhippo.com/insurance-exam-questions/

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) mandates that when an employee is laid off from a company, the group health insurance coverage must continue at group rates for up to 18 months.

True More test answers on https://studyhippo.com/his-chapter-review-questions-truefalse/

The federal income tax treatment of employer-provided group health insurance can be accurately described as Employee’s coverage paid for by the employer is considered taxable income to the employee Employee’s coverage paid for by the employer is tax-deductible to the employer as a business expenditure Employer is given tax credits for contributions made to an employer-provided group health plan Benefits are taxable to the employee

Employee’s coverage paid for by the employer is tax-deductible to the employer as a business expenditure- Premiums paid by an employer for an employee’s coverage are deductible by the employer as a business expense. More test answers on https://studyhippo.com/insurance-exam-part-3/

5 All of the following provisions are required by Florida law for group health insurance policies EXCEPT A. coverage for mental and nervous disorders must be available to the group policyholder B. a newborn child is to be provided coverage from the moment of birth C. coverage must continue until age 25 for a handicapped child that is a family member D. a newborn child of a covered family member is to be provided coverage for 18 months

5.C More test answers on https://studyhippo.com/30-florida-laws-and-rules-pertinent-to-health-insurance/

What is the required minimum percentage of employee participation for a noncontributory group health insurance plan according to Florida Law?

0% ( “0%”. Most noncontributory group health plans require 100% participation by eligible members. Under Florida law, there is no specific minimum percentage participation for employees covered by employee group health insurance. More test answers on https://studyhippo.com/8-florida-laws-and-rules-pertinent-to-insurance-test-only-has-40-questions/

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Group Health Insurance Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about Group Health Insurance and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Group Health Insurance and get quick solutions for your test.

What is Group Health Insurance?

Group health insurance is a type of health insurance policy where a single policy covers a group of people in an organization or association. It provides coverage for medical costs for employees and their dependents, including spouses, children, and other family members. Group health plans are typically offered by employers, associations, or trade groups to their members.Group health insurance plans can be tailored to meet the specific needs of each group member. They typically offer lower premiums than individual policies because insurers spread the risk among all of the insured members in a group. These plans also provide flexibility when it comes to choosing doctors and hospitals as well as covering different types of services such as preventive care and prescription drugs.Group health plans can provide peace-of-mind knowing that medical bills will be covered if something unexpected happens. They also help reduce out-of-pocket expenses since they offer discounts on certain services like vision exams or prescriptions drugs that may not otherwise be covered by individual policies. In addition, they make it easier to stay healthy with access to preventive care services like annual physicals or immunizations at no additional cost. For employers who choose to offer group health insurance plans, there are several advantages including tax incentives and increased employee recruitment opportunities due to attractive benefits packages for job seekers. Offering group coverage can also serve as a tool for retention since employees tend to stay longer when they have access to good quality healthcare benefits from their employer at an affordable price. Furthermore, it helps them manage costs better since expenses associated with running the plan are fixed rather than increasing over time based on usage rate changes like in individual policies which sometimes result in higher premiums over time due to unexpected increases in utilization rates by policyholders within the plan’s pool of insured individuals.