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Which two statements are true about Enrollment Authorizations?
You are a benefits consultant implementing for a company that offers a life Insurance plan for employees withonly one option -Employee Plus Family. The rate for this option is dependent on various factor5 likeage/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. Thecalculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).How can you configure a rate for the company's plan?
A benefits consultant implemented a plan for life insurance with the following options:1. Option 1: Employee only2. Option 2: Employee plus spouseThe company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabledthe Assign on Default button for Option 1.They forgot that some employees may not want to enroll into theplan even though they are eligible.Where did the benefits consultant go wrong with the implementation?
A benefits administrator processed an enrollment for one employee, and manually added the life event "XYZ"as of August 1, 2016. Since there were two more life events in the detected phase as of August 15, 2016, thebenefits administrator clicked "Collapse Life Event". Upon processing the life event tab, the benefitsadministrator received an error saying two or more life events were in the detected phase.Why did the collapsing rule fail?
Which benefit object must be created prior to creating an option?
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