Innovative Insurance Quiz
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Questions and Answers

If payroll deductions are not set up properly, what consequence could occur according to the text?

  • The employee has to pay the whole premium.
  • The employee is not charged for their portion of premiums. (correct)
  • The employer deducts extra money from the employee's paycheck.
  • The employer pays less than intended.

    • In benefits discussions, if the question of employee or employer contributions arises, what is it referring to according to the text?

  • Healthcare premium payments (correct)
  • Employee work hours
  • Training program enrollments
  • Cost of company events

    • What happens when an employee is no longer benefits eligible, as mentioned in the text?

  • Their pay increases automatically.
  • They get 100% coverage of healthcare premiums.
  • They are offered better insurance options.
  • They must be removed from the benefits plan. (correct)

    • What is the potential outcome if an employer pays the whole premium unintentionally?

    <p>The company's expenses increase.</p> Signup and view all the answers

    Why do some companies set up payroll deductions for employees, as mentioned in the text?

    <p>To reimburse the company for healthcare premiums paid.</p> Signup and view all the answers

    What happens to the employer's contribution towards health premiums if an employee elects COBRA?

    <p>It becomes the employee's responsibility</p> Signup and view all the answers

    Why might former employees choose alternatives to COBRA for health insurance coverage?

    <p>To avoid paying the full premium</p> Signup and view all the answers

    What must a plan member do if they wish to continue benefits via COBRA after employment ends?

    <p>Submit a COBRA enrollment form and premium payments</p> Signup and view all the answers

    How does the employee's responsibility for health premiums change if they elect COBRA?

    <p>The employee pays a higher premium than before</p> Signup and view all the answers

    What does the new premium amount for an employee electing COBRA include?

    <p>The employee's portion + employer's contribution</p> Signup and view all the answers

    Why might an individual elect COBRA over joining a spouse's insurance plan?

    <p>To maintain existing benefits</p> Signup and view all the answers

    What does the text emphasize as one of the biggest pain points for companies?

    <p>Difficulty in accessing insurance broker support</p> Signup and view all the answers

    How does the company detect losses of eligibility due to status changes?

    <p>By monitoring status changes using proprietary technology</p> Signup and view all the answers

    What is one way the company stands out in terms of rates according to the text?

    <p>Saving clients 20-30% on their premiums</p> Signup and view all the answers

    Why does the text suggest clients should consider shopping their rates with the company?

    <p>To explore potentially saving money</p> Signup and view all the answers

    What does the company consult carefully with clients about, according to the text?

    <p>Learning about their employee demographic and business needs</p> Signup and view all the answers

    Which technology does the company use to detect terminations due to status changes?

    <p>Proprietary technology</p> Signup and view all the answers

    What does the Ease platform offer employers and employees?

    <p>Convenient administration of benefits</p> Signup and view all the answers

    How does the proactive enrollment follow-up help during open enrollment?

    <p>Eliminates the need for HR to track down individual employees</p> Signup and view all the answers

    What is the purpose of automatic payroll deductions mentioned in the text?

    <p>To deduct health insurance premiums from paychecks</p> Signup and view all the answers

    How does the text describe the experience of using the benefits administration platform?

    <p>Eliminates the need for physical paperwork and is user-friendly</p> Signup and view all the answers

    In what scenario would HR need to chase down individual employees according to the text?

    <p>When employees fail to login to elect or waive benefits</p> Signup and view all the answers

    What is one way premium deductions are made easy for clients?

    <p>Fully integrating with ADP for payroll deductions</p> Signup and view all the answers

    What does Ease do if an employee elects benefits?

    <p>Automatically inform the carrier of the employee's enrollment</p> Signup and view all the answers

    In the case of a payroll system that doesn't integrate with Ease, what action is taken for premium deductions?

    <p>Send a deduction report to the employer</p> Signup and view all the answers

    How does Ease handle part-time vs. full-time status changes of employees?

    <p>Monitor changes and adjust benefits offerings accordingly</p> Signup and view all the answers

    What does Ease do to ensure benefits offerings are always current with new-hires and terminations?

    <p>Update benefits offerings based on new-hires and terminations</p> Signup and view all the answers

    What payroll systems does Ease integrate with?

    <p>ADP and Paycom</p> Signup and view all the answers

    During the sales cycle, what information is helpful for Ease to have about COBRA?

    <p>A lead's questions about COBRA</p> Signup and view all the answers

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