Exam 13: Employee Benefits

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

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?

Free
(Multiple Choice)
4.7/5
(72)
Correct Answer:
Verified

D

According to the Americans with Disabilities Act (ADA),

Free
(Multiple Choice)
5.0/5
(75)
Correct Answer:
Verified

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.

Free
(Essay)
4.8/5
(84)
Correct Answer:
Verified

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. 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)?

(Multiple Choice)
4.9/5
(80)

The state tax code requires that funds in health care and dependent care accounts be earmarked in advance and spent during the plan year.

(True/False)
4.9/5
(68)

Employers pay for workers' compensation costs.There is a range of cost based on which of the following?

(Multiple Choice)
4.7/5
(84)

Which of the following is true about private group insurance?

(Multiple Choice)
4.9/5
(75)

Which of the following is true about Social Security as a benefits program?

(Multiple Choice)
4.9/5
(88)

LouAnn has retired and is receiving Social Security.Each year she can expect an increase in

(Multiple Choice)
4.7/5
(95)

Activities such as preadmission testing and second surgical opinions focus on shifting,rather than reducing,costs.

(True/False)
4.9/5
(78)

Which of the following is a unique aspect of benefits?

(Multiple Choice)
4.8/5
(82)

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?

(Multiple Choice)
4.8/5
(71)

The Pregnancy Discrimination Act of 1978 requires employers to

(Multiple Choice)
5.0/5
(93)

Which of the following is true of the Consolidated Omnibus Budget Reconciliation Act (COBRA)?

(Multiple Choice)
4.8/5
(82)

Compare and contrast HMOs and PPOs.

(Essay)
4.7/5
(86)

Which of the following is true about vesting rights?

(Multiple Choice)
4.8/5
(76)

Which of the following statements is true about flexible spending accounts?

(Multiple Choice)
5.0/5
(76)

Which of the following is a major objective of the unemployment insurance program?

(Multiple Choice)
4.8/5
(70)

The smaller the cost of a benefit category,the greater the opportunity for savings.

(True/False)
4.7/5
(80)

Which of the following media is least used by organizations to communicate benefit plans?

(Multiple Choice)
4.8/5
(86)
Showing 1 - 20 of 100
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)