Exam 6: Employer-Sponsored Disability Insurance,life Insurance,and Workers Compensation Programs

Under a universal life insurance plan,policy holders can shift money between the insurance and savings components of the policy. (Universal Life Insurance)

Free

(True/False)

4.8/5

(88)

Question 1

Correct Answer:

Verified

True

Briefly discuss the types of disabilities recognized under workers' compensation laws. (Types and Amounts of Workers' Compensation Benefits)

Free

(Essay)

4.9/5

(68)

Question 2

Correct Answer:

Verified

Main Points
● Temporary total disabilities preclude individuals from performing meaningful work for a limited period
● Permanent total disabilities prevent individuals from ever performing any work
● Temporary partial disabilities allows individuals to perform limited amounts of work until making a full recovery
● Permanent partial disabilities limit the kind of work that individuals perform on an enduring basis

Workers' compensation laws do not apply to small businesses with fewer than a stipulated number of employees (Coverage of Workers' Compensation Programs)

Free

(True/False)

4.9/5

(75)

Question 3

Correct Answer:

Verified

True

Under partial self-funding of disability insurance,employers pay claims from their assets invested in a trust fund,for a limited period or up to a maximum dollar amount. (Funding Disability Insurance Programs)

(True/False)

4.8/5

(96)

Question 4

Long-term disability insurance plans become effective following the end of short-term coverage and a 30 day elimination period. (Long-Term Disability Insurance Programs)

(True/False)

4.8/5

(77)

Question 5

Dual capacity means that a firm may fulfill a role for an employee that is completely different from its role as employer. (Dual Capacity)

(True/False)

4.9/5

(69)

Question 6

ERISA regulates all but which of the following? (The Employee Retirement Income Security Act of 1974)

(Multiple Choice)

4.9/5

(68)

Question 7

Pregnancy and child birth are not considered as disabilities. (Short-Term Disability Insurance Programs)

(True/False)

4.8/5

(89)

Question 8

Employers pay disability benefits from disability insurance policies or regular payroll. (Disability Insurance)

(True/False)

4.8/5

(83)

Question 9

This is a mental or physical disability for which medical advice,diagnosis,care or treatment was received,during a designated period preceding the beginning of disability insurance coverage. (Short-Term Disability Insurance Programs)

(Multiple Choice)

4.9/5

(73)

Question 10

In 2011,on average,employers spent how much annually per employee to provide short-term disability insurance? (Coverage and Costs of Disability Programs)

(Multiple Choice)

4.9/5

(72)

Question 11

After an injury,claims to workers' compensation for rehabilitative services usually have to be submitted in what time frame? (Rehabilitative Services)

(Multiple Choice)

4.7/5

(73)

Question 12

In 2011,workers' compensation cost only about 10% of all legally required benefits for civilian employees. (Workers' Compensation Claims)

(True/False)

4.9/5

(72)

Question 13

In short-term disability insurance plans,the exclusion period spans from the initial date of hire to the date of eligibility for coverage. (Short-Term Disability Insurance Programs)

(True/False)

4.8/5

(96)

Question 14

Most group life insurance is offered on a contributory basis mainly because the employer enjoys substantially higher tax benefits than they do with noncontributory plans. (Group Term Life Insurance)

(True/False)

4.7/5

(68)

Question 15

Short-term disability insurance plans usually consider disability as an inability to perform any and every duty on one's occupation. (Short-Term Disability Insurance Programs)

(True/False)

4.9/5

(91)

Question 16

If an employee suffers a disability that limits the kind of work an individual can perform on a enduring basis,she would qualify for what type of disability income under workers' compensation? (Disability Income)

(Multiple Choice)

4.9/5

(95)

Question 17

Long-term insurance defines disability as an inability to engage in any occupation for which the individual is qualified by reason of training,education or experience. (Long-Term Disability Insurance Programs)

(True/False)

4.8/5

(84)

Question 18

Companies may NOT refuse an employee's request for FMLA leave to cover absences for work-related illness or injury. (Relationship between Workers' Compensation and Benefits Laws)

(True/False)

4.8/5

(73)

Question 19

In 2011,on average,employers spent how much annually per employee to provide life insurance coverage? (Coverage and Costs of Life Insurance)

(Multiple Choice)

4.7/5

(78)

Question 20

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Under a universal life insurance plan,policy holders can shift money between the insurance and savings components of the policy. (Universal Life Insurance)

Briefly discuss the types of disabilities recognized under workers' compensation laws. (Types and Amounts of Workers' Compensation Benefits)

Workers' compensation laws do not apply to small businesses with fewer than a stipulated number of employees (Coverage of Workers' Compensation Programs)

Under partial self-funding of disability insurance,employers pay claims from their assets invested in a trust fund,for a limited period or up to a maximum dollar amount. (Funding Disability Insurance Programs)

Long-term disability insurance plans become effective following the end of short-term coverage and a 30 day elimination period. (Long-Term Disability Insurance Programs)

Dual capacity means that a firm may fulfill a role for an employee that is completely different from its role as employer. (Dual Capacity)

ERISA regulates all but which of the following? (The Employee Retirement Income Security Act of 1974)

Pregnancy and child birth are not considered as disabilities. (Short-Term Disability Insurance Programs)

Employers pay disability benefits from disability insurance policies or regular payroll. (Disability Insurance)

This is a mental or physical disability for which medical advice,diagnosis,care or treatment was received,during a designated period preceding the beginning of disability insurance coverage. (Short-Term Disability Insurance Programs)

In 2011,on average,employers spent how much annually per employee to provide short-term disability insurance? (Coverage and Costs of Disability Programs)

After an injury,claims to workers' compensation for rehabilitative services usually have to be submitted in what time frame? (Rehabilitative Services)

In 2011,workers' compensation cost only about 10% of all legally required benefits for civilian employees. (Workers' Compensation Claims)

In short-term disability insurance plans,the exclusion period spans from the initial date of hire to the date of eligibility for coverage. (Short-Term Disability Insurance Programs)

Most group life insurance is offered on a contributory basis mainly because the employer enjoys substantially higher tax benefits than they do with noncontributory plans. (Group Term Life Insurance)

Short-term disability insurance plans usually consider disability as an inability to perform any and every duty on one's occupation. (Short-Term Disability Insurance Programs)

If an employee suffers a disability that limits the kind of work an individual can perform on a enduring basis,she would qualify for what type of disability income under workers' compensation? (Disability Income)

Long-term insurance defines disability as an inability to engage in any occupation for which the individual is qualified by reason of training,education or experience. (Long-Term Disability Insurance Programs)

Companies may NOT refuse an employee's request for FMLA leave to cover absences for work-related illness or injury. (Relationship between Workers' Compensation and Benefits Laws)

In 2011,on average,employers spent how much annually per employee to provide life insurance coverage? (Coverage and Costs of Life Insurance)

Introducing Employee Benefits

The Psychology and Economics of Employee Benefits

Regulating Employee Benefits

Employer-Sponsored Retirement Plans

Employer-Sponsored Health Insurance Programs

Government-Mandated Social Security Programs

Paid Time-Off and Flexible Work Schedules

Accommodation and Enhancement Benefits

Managing the Employee-Benefits System

Nonqualified Deferred Compensation Plans for Executives

Global Employee Benefits at a Glance

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