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11 Questions | Total Attempts: 1683

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IBM Quizzes & Trivia

This is a manditory quiz


Questions and Answers
  • 1. 
    We should always collect at least the Primary Care Physician and enter it in the SSC for all IBM retirees.
    • A. 

      True

    • B. 

      False

  • 2. 
    What are the HRA eligibility requirements for people in the “Prior Plan, Losing Group Medical and Rx Coverage” segment?
    • A. 

      They have an HRA exception, they just have to call Extend

    • B. 

      They must buy a medical plan to qualify

    • C. 

      They must buy a medical and/or drug plan to qualify

  • 3. 
    What are the HRA eligibility requirements for people in the “Prior Plan, No Current Medical Coverage, Losing Group Rx Coverage” segment?
    • A. 

      They have an HRA exception, they just have to call Extend

    • B. 

      They must buy a medical plan to qualify

    • C. 

      They must buy a medical and/or drug plan to qualify

  • 4. 
    What are the HRA eligibility requirements for people in the “FHA, Kaiser, Losing Group Medical and Rx Coverage” segment?
    • A. 

      They have an HRA exception; they just have to call Extend. But we should still offer to compare the options we have available on our exchange.

    • B. 

      They must buy a medical plan to qualify

    • C. 

      They must buy a medical and/or drug plan to qualify

  • 5. 
    What is a FHA?
    • A. 

      Future Health Account

    • B. 

      An interest earning account that some IBM retirees have set up to pay for their current group premiums

    • C. 

      An account Fidelity administers

    • D. 

      All of the above

  • 6. 
    IBM is giving retirees two HRA options.  What are they?
    • A. 

      Retirees can choose a higher HRA amount that would waive any spousal survivor benefits, or they can elect survivor coverage which will lower their HRA amount but gives their spouse a death benefit upon the retirees passing

    • B. 

      They can opt to have their HRA put in a joint or separate account

  • 7. 
    Why would a retiree opt for the higher HRA amount?
    • A. 

      To be mean-spirited to their spouse

    • B. 

      If a retiree is divorced or they are single, it may be beneficial to waive the survivor benefit in exchange for a higher HRA amount

  • 8. 
    Why would they opt for the lesser HRA amount?
    • A. 

      Because financially they just don’t need the money

    • B. 

      Taking the lower amount will insure that their spouse receives 50% of the HRA upon the retiree’s passing

  • 9. 
    How will IBM retirees elect which HRA they would like?
    • A. 

      They will call Extend Health and we will capture what election they have decided

    • B. 

      They will receive a letter from Budco in November that contains an election form that the retirees will need to fill out and send back to Budco

    • C. 

      They will call Fidelity to capture their election

  • 10. 
    If retirees do not make an election, what will happen to their HRA?
    • A. 

      They will lose it

    • B. 

      They will default to the higher amount without the surviving spousal benefit

    • C. 

      They will default to the lower amount with the surviving spousal benefit

  • 11. 
    If you are asked a question and you aren’t 100% sure about the answer, you should…
    • A. 

      Ask InfoSource

    • B. 

      Ask InfoSource

    • C. 

      Ask InfoSource

    • D. 

      All of the above

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