Life Lunch & Learn April 2020

Check the scenarios where EOI would be required for traditional enrollment

*select all that apply*

• An employee enrolls for coverage after the date he or she is first eligible

• Amount of insurance requested exceeds the Guarantee Issue amount

• An employee elects to increase coverage to a higher amount or increment level

The HIG Standard Continuity of Coverage is also known as

• Continuity of Coverage - DBO Prior Plan

• Continuity of Coverage - PW Prior Plan

Which of the following should be removed from the census and NOT included in the manual rate:

*select all that apply*

• Temporary/Seasonal Employees

• COBRA Employees

• Employees on Leave

• Employees in a waiting period within 1 year of the effective date

Ratabase calculates Life age reductions as:

• Reduced to

• Reduced by

What is the correct calculation to determine a plan change factor?

• Original Manual Rate / New Manual Rate

• New Manual Rate / Original Manual Rate

For cases with California Premium Waiver, Which option should be selected in the Life Best Estimate Tool

• Enriched Waiver

• Lifetime Waiver

• PW 60 Extension

• PW 60

Life Line G rate includes a load for Rate Guarantee

• True

• False

In determining the Dependent Rate Basis, which of the following yield the SAME premium & volume regardless of the number of children?

*select all that apply*

• Per Unit Child

• Per $1,000

• Per $1,000 Unit Child

The definition of Formula Rate for Life coverages includes all experience provided from a minimum of 12 months, up to a maximum of the most recent (a)   months

The Quality Management Team is a GREAT resource to contact when you have questions with a case

• True

• False