America's Benefit Specialist April 2023

CPC QUIZ

7. Under ERISA, a group health plan that covers em- ployees of two or more unrelated employers is a _____. A. Multiple Employer Welfare Arrangement B. full-time equivalent C. employer shared responsibility provision D. Applicable Large Employer 8. Perhaps the most significant ACA consideration in M&A transactions is the _____, which applies to em ployers with an average of 50 or more full-time equiva

1. With a/an _____ policy, individuals may be reimbursed for any additional accommodation or travel expenses they incur, or prepaid expenses lost due to a travel delay. A. long-term disability B. travel-insurance C. identity theft D. auto 2. Some travel-insurance policies can possibly reimburse them for any _____ they had to pay for while their lug gage was lost or delayed. A. required essentials 3. Travel insurance that has emergency medical benefits, emergency medical transportation benefits and cover age for unexpected expenses is recommended by the _____. A. health insurance carriers B. employers C. ERISA D. United States Department of State 4. Prior to COVID, approximately 20% of travelers pur chased travel insurance, and today it’s estimated that _____ are seeking some type of protection. B. event tickets C. automobile D. presents

lent (FTE) employees in the prior calendar year. A. Multiple Employer Welfare Arrangement B. COBRA C. Employer shared responsibility provision D. Applicable Large Employer

9. Federal _____ rules require that health plans spon sored by employers with 20 or more employees allow employees to extend their benefits if they experience a loss of coverage after a qualifying event, such as termination of employment or reduction in hours. A. COBRA B. Medicare C. Flexible Savings Account D. ERISA 10. As a general rule, if seller’s plan terminates due to the sale, then the _____ assumes the seller’s COBRA obli gations for both current COBRA enrollees and seller’s employees who experience a qualifying event as a

A. 33% B. 54% C. 79% D. 91%

result of the deal. A. stakeholders B. employees

5. A comprehensive trip-protection plan that includes Trip Cancellation/Interruption, Trip Delay, Medical Ex penses and Emergency Evacuation that covers COVID, as well as protection for lost baggage and much more, typically costs _____ of the insured trip.

C. buyer D. state

11. Small-business owners have cited this as a leading challenge for more than _____ years.

A. 15 B. 20 C. 25 D. 30

A. one to three percent B. five to nine percent C. seven percent to 11% D. 15% to 20%

12. One of the most significant items contributing to higher costs today is _____, whether it is merging hos pital systems or hospital systems’ purchase of physi cian practices and other ancillary services providers. A. consolidation of providers

6. Which does a merger and acquisition transaction not consist of?

A. asset purchase B. stock purchase C. merger D. home purchase

B. rising drug prices C. aging population D. chronic disease prevalence

48 ABS | benefitspecialistmagazine.com