Question 1

XX Global Health Plan has multiple options attached.• Option i: XX Annual Health Insurance• Option 2: Monthly Health InsuranceThe plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination lifeevent on the 12th of the termination month for the employee, irrespective of the actual termination date, forpayroll reasons.Which is the correct configuration for the Life event - Termination?

Options :

A : Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with 'Formula' as the enrollment period start date, attaching a customized Enrollment period start date type formula.

B : Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with 'Mid of the month' as the enrollment period start date.

C : Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Number of Days from the event” as the enrollment period start date and the number field as 15.

D : Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with 'Formula' as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.

E : Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan, with 'As of event date' as the enrollment period start date.

Answer: A

Question 2

How do you set up a Termination life event to end coverage at the end of the month?

Options :

A : Coverage and Rate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: First of the Next Month

B : Coverage and Rate Date Ranges:Coverage Start Date: First of the MonthPrevious Coverage End Date: End of the Month

C : Coverage and Rate Date Ranges:Coverage Start Date: First of the Next MonthPrevious Coverage End Date: End of the Month

D : Coverage and Pate Date Ranges:Coverage Start Date: End of the MonthPrevious Coverage End Date: End of the Month

Answer: C

Question 3

How many life events can be included in a collapsing rule?

Options :

A : 10

B : 8

C : 12

D : 7

Answer: A

Question 4

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: 1-Z0-1053-20 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?

Options :

A : Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.

B : Configure a secondary rate with the calculation method as Multiple of Coverage.

C : Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.

D : Configure a primary rate with the calculation method as Multiple of Coverage.

Answer: D

Question 5

Which two statements are correct with respect to required action in the eligibility profile?

Options :

A : If all profiles are requited, then at least one of the profiles must be satisfied.

B : If some but not all profiles are required, then all required profiles must be satisfied and at least one optional profile must also be satisfied.

C : If all profiles are optional, then at least one of the profiles must be satisfied.

D : If only one eligibility profile is added to an object, then the criteria in that profile may or may not be satisfied, even if the Required option is not selected

Answer: D

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