Fact Pattern 12-2 Paige Is 64 Years Old and Would Like to Retire

question 16

Multiple Choice

Fact Pattern 12-2
Paige is 64 years old and would like to retire from her job at a large accounting firm. She, however, is concerned about health insurance. She would not be eligible for Medicare benefits until age 65, and due to some serious health conditions, she would not be able to obtain insurance in the private market. She has good health insurance at the accounting firm and is considering putting off her retirement so that she can keep it.
-Refer to Fact Pattern 12-2.Assuming Paige exercises her rights under federal law to maintain her insurance with the accounting firm upon her resignation,which of the following is true regarding the premiums?

• A) The employer would be required to pay all of the premium.
• B) The employer would be required to pay for one-half of the premium, and Paige would be required to pay for one-half.
• C) Paige and the employer would pay the premium based upon whatever arrangement was in effect during her period of employment.
• D) Paige would have to pay all the premium.

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Definitions:

Smart Switch

A smart switch is an advanced electrical switch that can be controlled remotely through an app or a home automation system, allowing for smarter energy usage and convenience.

FMI

Failure Mode Identifier, a diagnostic code in automotive and machinery industries indicating the type of failure in a system.

DLCs

Downloadable Content; additional content created for an existing video game, distributed through the internet.