Employee Benefits Management Chapter 6-10
False
Based on the 2015 report on the status of Medicare, the projected date of the Medicare trust fund exhaustion is 2050.
True
Becoming injured while using an employer's product to perform work is an instance of dual capacity and the injured employee would be eligible to file a workers' compensation claim.
True
By adding a partial disabilities inclusion, long-term disability carriers cover a portion of income loss associated with paid part-time employment while a disabled person works on a part-time basis in any job.
120
ERISA requires employers to distribute new summary plan descriptions to the Department of Labor within how many days.
210
ERISA requires that material modification summaries must be sent to the Department of Labor within how many days after the end of the plan year in which the change occurred.
False
Effective paid time-off bank policies include a use-it-or-lose-it provision, rather than a carryover provision.
True
Employees experiencing difficulties that interfere with job performance is estimated to cost more than $44 billion in lost work productivity each year.
Worked 1250 hours in a 12 month time span
Employees, of covered employers, qualify for FMLA leave when they meet the following qualifications.
True
Excepted benefits are not subject to requirements of the PPACA that apply to group health plans.
True
Flexible work schedules are being offered to create greater work-life balance.
False
Flexible work schedules are regulated by the FLSA.
$125
In 2015, on average, employers spent how much annually per employee to provide short-term disability insurance?
False
In 2015, on average, holiday benefit costs were higher than vacation benefits costs.
72% Full Time, 13 Part Time
In 2015, what percentage of full-time and part-time employees received employer-sponsored life insurance?
$1,260
In 2016, how much did an employee have to make to earn a credit for OASDI?
$1,166
In 2016, what was the average monthly disability benefit for all disabled workers?
True
In unionized setting, the collective bargaining agreement or contract details employee entitlements to paid time-off benefits.
True
Long-term disability insurance carriers define long-term disability as an inability to engage in any occupation for which the individual is qualified by reason of training, education or experience.
True
The IRS currently offers two definitions of educational assistance, based on amendments to IRC Section 127.
True
Under a universal life insurance plan, policy holders can shift money between the insurance and savings components of the policy.
1.45%
What is the amount of contribution employer and employees must make to the Medicare tax which supports Medicare Part A?
False
A survey of U.S. companies found the existence of one standard type of sabbatical leave.
30 days
According to FMLA guidelines, employees must give how much notice for a scheduled unpaid leave?
Travel time driving to work
According to the Fair Labor Standards Act, employers must compensate employees for duties and activities indispensable to performing principal work activities. Which of the following is not a compensable nonproduction time?
True
An employee's average indexed monthly earnings determines the initial primary insurance amount for OASDI benefits.
True
Companies stand to benefit from sponsoring employee education benefits, but many do not because they fail to develop and implement career development programs.
False
Coverage rules are the same across OASDI, Medicare, and the unemployment insurance programs.
Worked 1250 hours in a 12 months time span
Employees, of covered employers, qualify for FMLA leave when they meet the following qualifications.
False
Employers can deduct a smoking cessation program as a business expense, but employees do NOT get any tax benefit.
False
Group meetings and audiovisual presentations provide the key features of benefits programs, conveying the "big picture" and helping potential employees compare benefits offerings with those offered by other companies they may be considering.
core-plus-option
If all employees are offered health insurance and retirement benefits, but then get to select the rest of their benefits package, then they're being offered what type of cafeteria plan?
False
Medicare Part B covers the services not included under Medicare Part A.
True
Medicare Part B covers the services not included under Medicare Part A.
False
Mix-and-match plans allow employees to purchase any benefit but at only certain levels.
True
Most employers choose to pay nonexempt employees while they are serving on a jury or as witnesses in a court of law.
50%-60%
Most short-term disability insurance plans pay employees around how much of their regular pay?
False
Outplacement assistance programs provide information for individuals in the recruitment process.
False
Paid time off to do volunteer activities has no relation to the retention aims of the firm.
False
Pregnancy and childbirth are not considered as disabilities.
False
Pretax salary reduction plans allow employees reduced taxes on their salary.
True
Social Security disability benefits are available to disabled workers who are unable to work as a result of a serious medical impairment that lasts at least 12 months.
False
Societal changes have lead to the weakening of the Family and Medical Leave Act.
True
Sponsors of utilization reviews hire medical doctors and registered nurses to carry out the review.
True
Staff members on in-house EAPs are employees of the company.
False
Summary plan descriptions are generally short and only present the "big picture" of a benefit plan.
True
The EAPA develops EAP evaluation systems.
False
The Social Security Administration is the only federal agency overseeing Social Security programs.
True
The Social Security Administration is the only federal agency overseeing Social Security programs.
True
The Unemployment Compensation Act of 2008 expanded the EUC benefits to 20 weeks nationwide.
False
The scope of various wellness-type benefits has decreased through recent years as employer costs are outweighing the benefits of offering such programs.
An experience rating
The state unemployment employer tax rate varies according to ________ system.
Offset provisions
These reduce company-sponsored benefits by subtracting a particular percentage of these disability benefits from workers' compensation and Social Security disability plans.
Uniformed Services Employment and Reemployment Rights Act
This Act gives individuals the right to employment by the company they worked for prior to military service.
Medicare Part B
This Medicare program offers voluntary supplemental medical insurance.
Modular
This cafeteria plan allows a single-mother employee to select a benefits package designed to meet the particular needs of single-mothers.
pre-exisiting condition
This is a mental or physical disability for which medical advice, diagnosis, care or treatment was received, during a designated period preceding the beginning of disability insurance coverage.
Sabbatical Leave
This paid time-off policy is generally used by employees for professional development activities.
Integrated paid time-off
This policy allows employees to schedule time-off without having to justify the reasons.
Cash-out
This provision pays employees an amount equal to the unused vacation days based on regular daily earnings.
Carryover Provision
This term is used to describe policies that allow employees to take unused vacation time at a later time.
False
When companies determine vacation time according to hours worked, it usually applies to workers who are exempt to FLSA regulations.
Banking hours feature
When considering flexible work arrangements, the ________ enables employees to vary the number of daily work hours, as long as they maintain the regular number of work hours on a weekly basis.
False
When making a referral to an EAP, supervisors are responsible for describing signs of trouble and making an initial diagnosis.
Outsourcing refers to an employer transferring responsibility to a third-party provider to manage one or more benefits.
Which of following statements is true of outsourcing benefits functions?
Self employed individuals
Which of the following are eligible for OASDI?
Parental leave
Which of the following is not a major revision to the FMLA?
Same-sex marriage eligibility
Which of the following is not a major revision to the FMLA?
A percentage of the average monthly wages earned during the base period
Which of the following is not one of three methods states use to calculate weekly unemployment benefit amounts?
No increase
Which of the following is the state unemployment tax?
SUTA
Which of the following is the state unemployment tax?
Worker's compensation pays for medical care for work-related injuries
Which of the following is the state unemployment tax?
The time-off is unpaid, but medical insurance is continued
Which of the following is true concerning FMLA provisions?
The FLSA established guidelines for companies to honor employee wishes to observe religious holidays.
Which of the following statements is not true of companies' treatment of religious holidays?
When holidays fall on a weekend day, the employee receives two days of holiday pay.
Which of the following statements is not true of holiday time-off practices?
Oversleeping is the most socially acceptable reason for an unscheduled absence.
Which of the following statements is not true of unscheduled absences?
Flexible work arrangements create the flexibility for employees to balance work and nonwork demands or interests.
Which of the following statements is true of flexible work arrangements?
