Comp Final Ch 12

The ________ requires individuals to maintain minimal essential health insurance coverage or pay a penalty unless exempted for religious beliefs or financial hardship.

Patient Protection and Affordable Care Act

In the context of cost containment, which of the following best describes the practice of "copay"?

Requiring that employees pay a fixed or percentage amount for coverage

Which of the following requires individuals to maintain minimal essential health insurance coverage or pay a penalty unless exempted for religious beliefs or financial hardship?

The Patient Protection and Affordable Care Act (2010)

A benefit plan that allocates a set dollar amount to employees and allows them to select benefits is called a ________ plan.

a flexible benefit

If a benefit forecast suggests future cost containment may be difficult, the benefit should:

be offered to employees only on a cost-sharing basis.

All of the following factors are reasons for the growth of benefits EXCEPT:

foreign lawsuits

One of the most preferred benefits is

stock plans

Which of the following benefits communication methods allows for personalized communication methods and requires current contact information?

use of materials

In an extensive review of employee preference literature, Glueck traced patterns of group preferences for particular benefits. Identify the results of the study.

Among the benefits available, health/medical and stock plans are highly preferred benefits.

In an attempt to reduce the employee benefits cost to the company, GrindStop Corp. restricts the number of visits to the dentists covered in the dental plan to two per year for each employee. Which of the following cost-containment strategies is being used by GrindStop?

Benefit limitations

Which of the following statements is true of employee benefits?

Group insurance has relatively easy qualification standards.

In the context of benefits communication methods, which of the following is mostly true about an information portal?

It requires ongoing maintenance and an intuitive user interface.

Which of the following is NOT a disadvantage of flexible benefit programs?

New benefits are highly difficult to introduce.

Which of the following is an advantage of flexible benefit plans?

They increase the involvement of employees in choosing benefit plans.

Trumbrella Corp. is a pharmaceutical company. One of its employees reports that he has suffered an on-the-job injury caused by the slippery factory floor that resulted in severe damage to his backbone. When Trumbrella initiates its claims processing, it should first:

determine whether the accident actually happened.

The first issue in setting up a benefits package is:

finding out who should be protected or benefited.

The typical employee can recall ________ percent of the benefits he or she receives.

less than 15

Surveys show that the most highly valued employee benefit is:

medical insurance

The biggest cost-containment strategy in recent years is the movement to:

outsourcing

Various studies have found that only two specific benefits curtailed employee turnover, namely ________ and ________.

pensions; medical coverage