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NEW QUESTION 27
Which statement about Waive options is true?

  • A. Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.
  • B. Waive options are options which do not require any dependent/beneficiary designation.
  • C. Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
  • D. Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.

Answer: A

 

NEW QUESTION 28
Which is NOT a valid type of life event?

  • A. Unrestricted
  • B. Scheduled
  • C. Restricted
  • D. Explicit
  • E. Temporal

Answer: C

Explanation:
https://docs.oracle.com/cloud/farel12/globalcs_gs/FACMB/FACMB1479189.htm#FACMB1229710

 

NEW QUESTION 29
Which statement about configuring Designation Requirements is true?

  • A. A Designation Requirement cannot be configured for a plan with no option.
  • B. A plan must have multiple options for Designation Requirement to be configured.
  • C. A Designation Requirement can be configured for a plan with no option.
  • D. A plan must have the waive option for Designation Requirement to be configured.

Answer: B

 

NEW QUESTION 30
……

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