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

Scheduled and unscheduled injuries are categories used to determine benefits for which type of disability income? (Disability Income)

This ERISA Title specifies a variety of protections for participants and beneficiaries. (The Employee Retirement Income Security Act of 1974)

The short-term elimination period ranges from one to twelve months. (Short-Term Disability Insurance Programs)

In short-term disability insurance plans,this term refers to the minimum amount of time an employee must wait after becoming disabled before disability insurance payments begin. (Short-Term Disability Insurance Programs)

Long-term disability insurance plans used to cover partial disabilities,but ceased due to high costs. (Long-Term Disability Insurance Programs)

Most short-term disability insurance plans pay employees around how much of their regular pre-tax salary? (Short-Term Disability Insurance Programs)

An ADEA safe harbor allows employers to reduce the duration of long-term disability benefits as long as the level of benefits are the same for all workers with the same disability. (The Age Discrimination in Employment Act (ADEA)of 1967)

OWBPA bans termination of employment based on long term disability. (The Age Discrimination in Employment Act (ADEA)of 1967)

Although workers' compensation benefits have unlimited medical care benefits,it does specify a maximum amount paid for certain procedures. (Unlimited Medical Care)

The wage loss approach bases benefit amounts on approximate loss of earning from injuries. (Disability Income)

Recipients of long-term disability benefits are also eligible to file ADA claims. (The Americans with Disabilities Act of 1990)

In 2011,what percentage of full-time and part-time employees received employer-sponsored life insurance? (Coverage and Costs of Life Insurance)

An Administrative Services Only plan is a disability insurance funding plan that is handled through a third-party claims management company. (Funding Disability Insurance Programs)

This amendment contains the equal benefit or equal cost principle and bans termination of an employee's long-term disability benefits for active employees based on age. (The Age Discrimination in Employment Act (ADEA)of 1967)

In the 1800s and early 1900s,the seriously injured workers left with virtually no recourse because social insurance programs were nonexistent. (Origins of Disability Insurance and Workers' Compensation Insurance)

Short-term disability insurance usually provides benefits for up to how long? (Short-Term Disability Insurance Programs)

The values in the current Uniform Table were adjusted to reflect higher rates of mortality between 1988 and 2000. (Costs of Group Term Life Insurance)

According to ADA guidelines,which of the following is true? (The Americans with Disabilities Act of 1990)

Which of the following laws was NOT mentioned as having a major influence on company-sponsored disability insurance plans? (Relationships between Company-Sponsored Disability Plans and Benefits Laws)

These reduce company-sponsored benefits by subtracting a particular percentage of these disability benefits from workers' compensation and Social Security disability plans. (State Workers' Compensation and Social Security Disability Regulations)