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Exam 13: Employee Benefits

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Question 1

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______ provide an incentive to employees to continue working for an organization because they feel as if they are being cared for by the organization.

A) Contributions
B) Ratings
C) Benefits
D) Rankings

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Question 2

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______ partners are individuals who are not legally married but who are in a one-to-one living arrangement similar to marriage.

A) Domestic
B) Extra
C) International
D) Non

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Question 3

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______ is an insurance program designed to provide medical treatment and temporary payments to employees who cannot work because of an employment-related injury or illness.

Due to a recession,Danai was laid off by her organization.To avoid having Danai and other laid off workers stop spending money and thus deepen the recession,______ will help them maintain some income.

Tamera's organization provides group health insurance.She has a primary care physician who is her first point of contact for all preventative care and routine medical situations.Her primary care physician can provide her with referrals to specialists,if needed.However,to be covered,the specialists must be within her plan's network.Her group health insurance is a ______.

Federal rules on health savings accounts and medical savings accounts require that employees who have these accounts also participate in something called a ______.

Modular benefit plans provide the employee with several basic benefits packages from which the employee can select the one that best matches their life and family circumstances.

Patient Protection and Affordable Care Act is a law that requires employers to offer to maintain health insurance for a period of time on individuals who leave their employment.

At current rates,Old Age,Survivors,and Disability Insurance will exhaust its funds in ______.

In examining her organization's benefits package,Petra has determined that the organization can provide a 40% premium to direct compensation for the cost of benefits.What aspect of providing a benefits program is Petra considering?

Rachel's organization offers flexible benefits.Rachel receives some of the same benefits as everyone else in the organization,such as health,dental,and life insurance.However,Rachel was also able to add tuition reimbursement and elder care assistance to her benefits package.Rachel's organization is offering a ______ flexible benefits plan.

Workers' compensation is ______ insurance,which means that no matter who was at fault in an accident- or illness-related situation,the insurance will be paid out to the party harmed.

The ______ benefit plans allow employees to choose exactly the set of benefits that they desire,within specified monetary limitations.

Under the______,employees not covered by a healthcare plan at work are required to go to the state health exchange where they can purchase individual coverage.

A provision of Employee Retirement Income Security Act is the creation of ______.

Benefits provide an incentive to employees to continue working for an organization because they feel as if they are being cared for by the organization.

Employee benefits average ______ % of total employee compensation cost in U.S.organizations.

Michel puts $17,500 into his 401(k) retirement plan each year.This type of retirement plan is a ______.

Isobel's organization offers several sets of benefits.One set would appeal to young single employees because it provides more paid time off for personal activities and no reimbursements for childcare expenses.Another set would likely appeal parents with young children because it does provide childcare reimbursements and other benefits important to parents such as life insurance.Isobel's organization is offering a ______ flexible benefits plan.

Under a ______ the employee does not know what their retirement benefit will be.