Exam 11: Employee Benefits

Health care plans only cover medical,surgical,and hospital expenses.

One estimate is that the "payment for time not worked" category of benefits comprises a large expenditure,which is over 25 percent of the employer's total payroll costs.

Workers eligible for unemployment benefits must submit an application for unemployment compensation with their state employment agencies,register for available work,and be willing to accept any suitable employment that may be offered to them.

To qualify for old-age benefits,a person must reach retirement age and have earned:

A pension plan where contributions are made solely by the employer is referred to as a:

To accommodate the individual needs of employees,it would be desirable for employers to implement a cafeteria plan.

A pension plan where contributions are made jointly by employees and employers is referred to as a:

Severance pay is considered a supplemental unemployment benefit.

To be eligible for Social Security disability benefits,an individual's disability must have existed for at least one year and must result in,or be expected to result in,death.

Workers' compensation insurance may be provided through private or _____ insurance.

In recent years,several companies have banded together to provide elder care in a cooperative arrangement referred to as a:

The "payment for time not worked" category of benefits includes all absences from work except sick leaves and personal leaves taken by employees.

A preferred provider organization (PPO)is a group of physicians who establish an organization that guarantees the quality of health care provided by a health maintenance organization (HMO).

Describe the requirements and provisions of the Family and Medical Leave Act.

A typical unemployment insurance program does NOT require that:

Almost all workers with health coverage receive mental health benefits as part of their plans.

A common childcare benefit offered by employers is the dependent care spending account.

Although some government programs provide money to people with partial disabilities or short-term disabilities,Social Security does not.

According to the Social Security Administration,in 2014,about _____ people received retirement survivors and disability benefits from Social Security.