Question 5 1 pts All of the following statements about group health plans are correct except for one. Which statement is incorrect? Group premiums tend to be lower than an individual policy because the pricing is based on the insurer's experience with the group, not an individual. The premium paid by the employer for health coverage is not considered income to the employee and healthcare benefits are received tax-free. The spouse and dependent child of an eligible worker are typically eligible to participate in the group plan; however, the insurer can deny coverage for pre-existing conditions for up to one year. A summary plan description, which describes the benefits, rights and administrative procedures of the plan, must be provided to each participant. Any employee that is eligible for benefits based on work status will be admitted to the group plan, without the need for a medical examination. Question 6 1 pts John and Deb have been married for 15 years. They have one child, Allison, who is 11 years old. The entire family is insured for health care through his employer. Now at age 37, John has decided to return to graduate school to complete a one-year MBA, as a way to forward his career options. Which of the following statements are correct concern his healthcare continuation rights under COBRA? (1) Once notified of their COBRA rights, John and his family have 60 days to elect continuation of coverage (2) COBRA entitles John and his family to 36 months of healthcare plan continuation (3) The employer will pay the healthcare premiums under COBRA continuation (4) The family's healthcare continuation premium rates under COBRA continuation will be based on individual pricing (not group rates) 0 1 and 3 O 1 only O 2 only O2 and 4 Question 5 1 pts All of the following statements about group health plans are correct except for one. Which statement is incorrect? Group premiums tend to be lower than an individual policy because the pricing is based on the insurer's experience with the group, not an individual. The premium paid by the employer for health coverage is not considered income to the employee and healthcare benefits are received tax-free. The spouse and dependent child of an eligible worker are typically eligible to participate in the group plan; however, the insurer can deny coverage for pre-existing conditions for up to one year. A summary plan description, which describes the benefits, rights and administrative procedures of the plan, must be provided to each participant. Any employee that is eligible for benefits based on work status will be admitted to the group plan, without the need for a medical examination. Question 6 1 pts John and Deb have been married for 15 years. They have one child, Allison, who is 11 years old. The entire family is insured for health care through his employer. Now at age 37, John has decided to return to graduate school to complete a one-year MBA, as a way to forward his career options. Which of the following statements are correct concern his healthcare continuation rights under COBRA? (1) Once notified of their COBRA rights, John and his family have 60 days to elect continuation of coverage (2) COBRA entitles John and his family to 36 months of healthcare plan continuation (3) The employer will pay the healthcare premiums under COBRA continuation (4) The family's healthcare continuation premium rates under COBRA continuation will be based on individual pricing (not group rates) 0 1 and 3 O 1 only O 2 only O2 and 4
