Which of the Following Statements About the Continuation of Group

question 22

Multiple Choice

Which of the following statements about the continuation of group health insurance under COBRA is true?

• A)A continuation of coverage must be made available even if an employee voluntarily terminates employment.
• B)The length of the continuation of coverage is 90 days.
• C)The option to continue coverage applies to minor children only,not to adults.
• D)The employer must pay the entire cost of coverage during the continuation period.

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Definitions:

Equity Financing

Raising capital through the sale of shares in a company, resulting in new shareholders and diluting the ownership stake of existing shareholders.

Notes Payable

written promissory notes in which the writer agrees to pay a certain amount of money, at a future date or on demand, to the holder of the note.

Revaluation Accounting

A method under International Financial Reporting Standards (IFRS) that allows an entity to adjust the book value of its assets and liabilities to their fair value.

Tangible Assets

Physical assets that have a form you can touch or handle, like buildings, machinery, and land.