Exam 11: Employee Benefits

The Social Security Administration administers the ______________ program.

A 401(k)plan transfers responsibility for investment choices to the employee.

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

Companies may match employee contributions to a 401(k)with cash or company stock.

With a diverse workforce,more employers are willing to provide benefits to employees who establish a:

The Social Security insurance program is funded by:

A 401(k)plan is also called a cash-balance pension plan.

Employers are increasingly tailoring their benefits programs to be family-friendly,because employees increasingly desire more work-life balance.

With contributory pension plans,contributions are made jointly by employers and the government.

The Health Insurance Portability and Accountability Act grants employees the right to switch their medical insurance between former and present employers.

At the present time,employers are required to provide pension plans to all full-time employees.

Organizations of physicians and other health care professionals that provide a wide range of services to subscribers on a prepaid basis are known as:

To contain health care costs,an employer may increase the employee's deductible amount or co-payments.

Today,the majority of U.S.employees get health coverage through their employers.

Flexible benefit plans:

Which of the following is NOT a general pointer for designing benefits information,regardless of the medium?

Despite its high unemployment rate,in 2011,_____ became the first state to cut the number of weeks to twenty because its unemployment fund was so far in the red.

Workers' compensation covers certain work-related:

_____ enable individual employees to choose the benefits that are best suited to their particular needs.

Paid time off for hours not worked is not mandatory in the United States.