General Knowledge
How many days does an individual typically have to submit a QLE?
30 days (60 days for birth of a child)
Laura missed her medical deductions on her 5/2 payroll. Her typical deduction is $161.40. What will her correction deduction be on her next payroll?
Catch-up deductions or corrections deductions are caught up at 150%
$161.40 = 100%
$80.70 = 50%
Total catch-up deduction: $242.10
True or False: One of Gusto's responsibilities as a Broker is to pay the carrier on the company's behalf?
False: Gusto does not pay the carrier
Which team handles NHE, QLEs, Updates and EE Terminations?
Where do they work out of in SFDC?
Benefits Services (MOps, Member Fulfillment)
They work through Cases in SFDC
Which types of coverage can be continued on Continuation Coverage?
Medical
Dental
Vision
How many EEs can a company have up to, to be eligible for small group health insurance according to most states?
Up to 50 employees (anything over 50, could still get insurance just not small group).
Sally's monthly premium for Medical insurance is $200.
The company covers 50% of the premium.
Pay Schedule: Semi-Monthly
How much does Sally pay each pay check for Medical Insurance?
50% of 200 = $100 (EE monthly cost)
$100 x 12 = $12,000 (EE annual cost)
$12,000 / 24 = $50 (EE per pay period cost)
Sally will pay $50 per pay period for Medical Insurance
Which two ways can Gusto become a company's broker?
Obtaining a New Plan with Gusto (New Plans)
Brokering over to Gusto from another Broker (BOR)
Which of the following responsibilities does the Escalations and Quality Team handle?
Exception Requests
ATC Issues
Cobra Enrollments
Group Level Corrections
Exception Requests
ATC Issues
Group Level Corrections
Puppy Play Place Inc. had 15 FTE in the past calendar year, are they subject to Federal Cobra or State Continuation?
State Continuation
Federal Cobra is only for companies with 20+ FTE in the past calendar year
What employee type is always eligible for Benefits?
Full-Time Employee
Jordan's monthly premium for Dental insurance is $50.50.
The company covers 50% of the premium.
Pay Schedule: Semi-Monthly
How much does Jordan pay each pay check for Dental Insurance?
50% of $50.50 = $25.25 (EE monthly cost)
$25.25 x 12 = $303.00 (EE annual cost)
$303.00 / 24 = $12.62 (EE per pay period coat)
Jordan will pay $12.62 per pay period for Dental Insurance
Name 4 ancillary "supplementary" benefits that Gusto offers.
Dental
Vision
Life
Disability
Customers with benefits go through this process every year where they can make changes to their benefits and work with this team to complete the process
- Process
- Team
Open Enrollment
Renewals Team
Name the 4 types of TAdA accounts that Gusto offers to companies.
HSA
FSA
DCFSA
Commuter
In which scenarios would a waiting period apply?
When an EE moves from Part-Time to Full-Time
When a new EE is hired
Jose's monthly premium for Medical insurance is $802.00
The company covers 10% of the premium.
Pay Schedule: Monthly
How much does Jose pay each pay check for Medical Insurance?
10% of $802.00 = $80.20 (ER pays monthly)
$802.00 - 80.20 = $721.80
EE Pays: $721.80 (EE pays monthly)
Jordan will pay $721.80 per pay period for Medical Insurance
The longest waiting period a company is allowed to have
90 days
Whats Sophia's actual role?
Nesting PE
The contribution scheme type that is missing from this list
Fixed amount, fixed percentage, fixed amount of a base plan, fixed percentage of a base plan, waterfall
Class-Based contribution
Name the 4 most common Pay Schedules and the number of times they are getting paid in a year:
Ex: Monthly (12x)
Weekly - 52
Bi-weekly - 26x
Semi-Monthly -24x
Monthly - 12x
Alex's monthly premium for Medical insurance is $600.00 or EE Medical and $200.00 for Dependent Medical
The company covers 30% of the premium for EE's and 0% for dependents.
Pay Schedule:Bi-Weekly
How much does Alex pay each pay check for Medical Insurance?
EE Medical
30% of $600.00 = $180 (ER pays monthly)
$600 - $180 = $420 (EE pays monthly)
$420 x 12 = $5040 (EE pays annually)
$5040 / 26 = $193.84 (EE pays per pay period)
Dependent Medical
200 x 12 = $2400
$2400 / 26 = $92.30 (EE pays per pay period)
Alex will pay a total of $286.14
When enrolling in Gusto, the versions for an enrollment should move from signing documents to ________ to show that the employee fully submitted their enrollment.
Grace Period
Signing Documents > Grace Period
The company would like to change their contribution scheme mid-year. Which team do we reach out to for this?
Gusto does not support mid-year contribution scheme changes
EE was hired on 5/3/24
Waiting Period: First day of the month 30 days after hire
When will their benefits start?
7/1/2024
30 days from 5/3/24 = 6/2/24