Exam 13: Employee Benefits
Shelby has been laid off due to downsizing.She is worried about her health coverage as she has just found out she is pregnant.The HR benefits specialist tells her that she can continue to pay for health coverage for up to 36 months due to which law?
D
According to the Americans with Disabilities Act (ADA),
B
Mike is 60 years old and knows there are differences in payments if he retires at 62,65,and 70.Design a chart that will show the amount of pay he can expect at each age.
The Social Security Act of 1935 was the establishment of old-age insurance and unemployment insurance.The act was later amended to add survivors insurance,disability insurance,hospital insurance,and supplementary medical insurance.Together these provisions constitute the federal Old Age,Survivors,Disability,and Health Insurance (OASDHI)program.Over 90 percent of U.S.workers are covered by this program,the main exceptions being railroad and federal,state,and local government employees.An individual employee must meet certain eligibility requirements to be covered.To be fully insured typically requires 40 quarters of covered employment and minimum earnings of $1,300 per quarter in 2017.Social Security retirement (old-age insurance)benefits for fully insured workers begin at age 65 years and 6 months (full benefits)or age 62 (at a permanent reduction in benefits)for those born in 1940. 
Which of the following statements is true about the Pension Benefit Guaranty Corporation (PBGC)?
The state tax code requires that funds in health care and dependent care accounts be earmarked in advance and spent during the plan year.
Employers pay for workers' compensation costs.There is a range of cost based on which of the following?
Which of the following is true about private group insurance?
Which of the following is true about Social Security as a benefits program?
LouAnn has retired and is receiving Social Security.Each year she can expect an increase in
Activities such as preadmission testing and second surgical opinions focus on shifting,rather than reducing,costs.
Colonial Life will be in the building next week to chat with employees about their insurance plans.What is the best way to get the news out to the employees?
The Pregnancy Discrimination Act of 1978 requires employers to
Which of the following is true of the Consolidated Omnibus Budget Reconciliation Act (COBRA)?
Which of the following statements is true about flexible spending accounts?
Which of the following is a major objective of the unemployment insurance program?
The smaller the cost of a benefit category,the greater the opportunity for savings.
Which of the following media is least used by organizations to communicate benefit plans?
Filters
- Essay(0)
- Multiple Choice(0)
- Short Answer(0)
- True False(0)
- Matching(0)