Exam 13: Benefit Options

Workers' compensation disability payments are tied directly to the nature of the loss and not factors such as the employee's earnings or number of dependents.

Companies are turning away from 401K type pension plans because they require putting money in "up front" rather than when workers retire.

Vesting is the amount of time an employee must work for an employer to be entitled to their employer's contributions to a pension.

As benefit costs have skyrocketed,especially health care,the popularity of employee benefits have declined.

The two generic types of pension plans are contributory plans and noncontributory plans.

Which of the following is not a benefit that is required by statutory law?

What are the three types of defined contribution plans?

An employee who changes jobs four or more times during their career will likely experience a pension approximately _____ as that of an employee whose working career is spent with one employer.

Which of the following acts has caused HR and information technology staff considerable difficulty regarding compliance and privacy?

Employees are required to make contributions to cash balance plans.

Employers who have frequent layoffs pay higher unemployment rates than those with few layoffs.

The general health care plan that uses a direct contractual relationship between employers,health-care providers and third-party payers is:

Dental insurance is provided by _____ percent of all employers with above 500 employees.

Workers' compensation is covered federal laws.

Which of the following types of workers are generally not covered by workers' compensation?

_____ relieve an employer's liability when a preemployment injury combines with a work-related injury to produce a disability greater than that caused by the latter alone.

Which of the following is not a defined contribution plan?

_____ was designed to reduce an employer's ability to deny coverage to an employee based upon a preexisting condition.

Experts attribute the decline in dollar cost of workers' compensation cost after 2005 to:

Work-related injuries are covered by workers' compensation but not industrial diseases such as black lung and asbestosis.