Question 1

Discuss how the Pension Protection Act strengthened employer-sponsored retirement plans?

Accepted Answer

The answer of Discuss how the Pension Protection Act strengthened...

Question 2

What is one of the concerns expressed about individuals who smoke cigarettes or other nicotine products?

Accepted Answer

A)  employees who smoke consume more health care resources, thus, raising costs of insurance 
B)  employees who smoke are more distracted from their work 
C)  employees who smoke create a noxious work environment 
D)  employees who smoke are more likely not to complete work assignments on a timely basis

Question 3

Hazard pay and shift differential pay are types of ________.

Accepted Answer

A)  customized benefits 
B)  overtime pay 
C)  voluntary benefits 
D)  premium pay

Question 4

If two part-time people split the duties of one job and are paid according to their contributions then they are most likely participating in ________.

Accepted Answer

A)  succession planning 
B)  flexible sharing 
C)  telecommuting 
D)  job sharing

Question 5

With consumer-driven health plans,it is common to increase the insurance ________.

Accepted Answer

A)  premium 
B)  deductible 
C)  term 
D)  coverage

Question 6

If David uses an in-network provider of his employer's managed-care health organization,then he pays lower fees than if he uses an out-of-network provider.David is most likely a member of a(n)________.

Accepted Answer

A)  HMO 
B)  POS 
C)  PPO 
D)  FSA

Question 7

Health maintenance organizations (HMOs)offer prepaid services,whereas fee-for-service plans operate on a reimbursement basis.

Accepted Answer

A) True 
 B)False

Question 8

Most discretionary benefits plans originated at the turn of the 20th century.

Accepted Answer

A) True 
 B)False

Question 9

Flexible spending accounts and health savings accounts are examples of ________.

Accepted Answer

A)  consumer-driven health care plans 
B)  legally required health benefits 
C)  major medical benefits 
D)  fee-for-service plans

Question 10

Which of the following would most likely be eligible for Medicare?

Accepted Answer

A)  Alex, a 35-year-old unemployed mechanic 
B)  Brenda, a 42-year-old school teacher 
C)  Charles, a 66-year-old retired realtor 
D)  Debra, a 21-year-old college student

Exam 10: Indirect Financial Compensation Employee Benefits: