CBP Benefits Compliance and Regulations 2

Question 1

Which law requires employers with 100 or more employees to provide 60 days advance notice before a plant closing or mass layoff?

Accepted Answer

WARN Act

Answer

The Worker Adjustment and Retraining Notification (WARN) Act requires covered employers to give 60 calendar days advance notice before mass layoffs or plant closings.

Question 2

Under the Age Discrimination in Employment Act (ADEA), employees over what age are protected from benefits discrimination?

Accepted Answer

40

Answer

The ADEA protects individuals who are 40 years of age or older from employment discrimination, including discrimination in employee benefits.

Question 3

What is a Special Enrollment Period (SEP) under HIPAA for group health plans?

Accepted Answer

A period triggered by a qualifying life event allowing mid-year enrollment

Answer

HIPAA requires group health plans to allow special enrollment periods when employees experience qualifying events such as marriage, birth, adoption, or loss of other coverage.

Question 4

Which compliance obligation requires employers subject to Section 6056 to annually report health coverage information to the IRS and covered individuals?

Accepted Answer

ACA Employer Reporting on Forms 1094-C and 1095-C

Answer

Under ACA Section 6056, applicable large employers must file Forms 1094-C (transmittal) and 1095-C (individual statement) reporting whether they offered minimum essential coverage.

Question 5

What does ERISA's claims and appeals regulation require plan administrators to do when a claim is denied?

Accepted Answer

Provide a written explanation of denial and opportunity for full and fair review

Answer

ERISA requires plan administrators to provide written denial notices stating specific reasons for denial and to give claimants the right to a full and fair review of the denial.

CBP - Certified Benefit Professional Practice Test

CBP - Certified Benefit Professional Practice Test

CBP Benefits Compliance and Regulations 2