HRMT 331 Practice Multiple Choice

The conversion privilege is a life insurance plan can be defined as the ability to: A. Convert basic group life to accidental death and dismemberment B. Convert group life insurance to an individual policy upon termination of coverage C. Convert bi-weekly life insurance premiums to monthly premiums D. Add spousal protection onto a group life product without medical evidence

B. Convert group life insurance to an individual policy upon termination of coverage

When an employer requires an employee to fulfill a waiting period before accessing an illness leave benefit, this period is often called a: A. Entitlements Period B. Elimination Period C. Escrow Period

B. Elimination Period

Which of the following labels best describes that employers may offer pension plans in order to be recognized as an employer of choice. A. Financial Competence B. Employer Value Proposition C. Administration Efficiency D. Retention and Orderly Exits

B. Employer Value Proposition

Which of the following general functions of the Alberta Employment Pensions Act includes the requirement that employers make at least 50% of the financial contributions to the plan? A. Eligibility and Access B. Financial Management C. Administration

B. Financial Management

When a company offers a benefit plan that has different levels of coverage, this is normally called a: A. Cafeteria Benefit Plan B. Flexible Benefit Plan C. Customizable Benefit Plan D. Adaptive Benefit Plan

B. Flexible Benefit Plan

Which of the following is NOT a source of funding for the Canada Pension Plan? A. Employer contributions B. Government subsidies C. Employee contributions D. Investment income

B. Government subsidies

Which of the following broad categories of Employer Benefits addresses 'life insurance and illness leave programs'? A. Extended Health B. Income Security C. Retirement Income

B. Income Security

Which of the following is true regarding a tax-free savings account? A. Taxation on investment gains is deferred until the plan is cashed-out B. Investment income is tax-free C. Contributions are tax deductable

B. Investment income is tax-free

Why are co-insurance factors on basic dental services usually set a higher values such as 80, 90 100%? A. They are lower-cost expenses and therefore can be reimbursed at higher levels. B. It encourages preventative care that will reduce major expenses later on. C. Dentists will perform more procedures if they are reimbursed at higher levels. D. Employees do not like to be out of pocket for basic dental expenses.

B. It encourages preventative care that will reduce major expenses later on.

The professional duties for benefits implementation normally includes: A. Supervising staff and overseeing operations B. Leading continuous operation of the benefits program C. Data entry of benefits information in the HR Information System D. All of these E. None of these

B. Leading continuous operation of the benefits program

Which category of dental service most likely includes Veneers and Crowns? A. Basic B. Major C. Orthodontic

B. Major

Which of the following is considered an employee benefit? A. Shift differential B. Merchandise discount C. Overtime D. Performance bonus

B. Merchandise discount

What type of coverage is available to Canadians traveling outside of Canada through the provincial health care system? A. There is no coverage by provincial plans for any health services outside of Canada B. Most emergency hospital and medical services incurred outside of Canada are covered, but only up to the amount that would have been provided in the resident's jurisdiction or on a pre-set limit. C. Provincial health care covers its residents for all medically necessary services outside of Canada. D. Provincial health care will provide coverage based only on the other country's fee schedule

B. Most emergency hospital and medical services incurred outside of Canada are covered, but only up to the amount that would have been provided in the resident's jurisdiction or on a pre-set limit.

In order to comply with the principles of true group insurance, a Health Care Spending Account: A. May not permit the forfeit of unused funds B. Must permit the forfeit of unused funds C. Is silent on matter of unused funds

B. Must permit the forfeit of unused funds

According to the Sanofi 2018 Healthcare Survey, of the employees that are open to meeting with health care professionals to assess personal risks the majority would prefer these appointments to: A. Occur during working hours at the the workplace B. Occur outside of working hours and away from the workplace C. Occur when and where ever is most convenient

B. Occur outside of working hours and away from the workplace

The 'Providers' plan limiter helps keep benefit plans affordable by: A. Requiring a doctor's prescription before accessing the benefit. B. Offering coverage through a selected network of providers. C. Enforcing waiting periods before being able access the benefit. D. Restricting the number of times that a benefit can be accessed.

B. Offering coverage through a selected network of providers.

How are benefits and premiums usually treated for part-time employees compared to full-time employees? A. Part-time employees pay a prorated premium and receive a prorated benefit B. Part-time employees pay the same premium and receive the same benefit C. Part-time employees pay more than full-time employees

B. Part-time employees pay the same premium and receive the same benefit

Which of the labels below best describes "When an employer offers benefits to employees simply because the employer believes such benefits are in the best interest of the employee." A. Strategic Human Resource Management Motivation B. Paternalistic Motivation C. Employee Voice / Negotiated Item Motivation D. Industry Followership Motivation

B. Paternalistic Motivation

In group life insurance plans, premiums are based on aggregated plan experience, which is known as: A. Grouping B. Pooling C. Actuarial Evaluations D. All of these E. None of these

B. Pooling

In Alberta, provincial healthcare is funded primarily through federal government transfer payments. In addition, the province finances costs not covered by the federal government through: A. Charging residents monthly premiums B. Provincial general revenue C. Employer payroll taxes D. Taxation of health and dental plans

B. Provincial general revenue

Which plan design variable address the combination of age and service at which a member may retire with a full pension? A. Plan eligibility B. Retirement factor C. Portability D. COLA

B. Retirement factor

Which of the following statements best describes employee benefits? A.Total compensation B.Rewards that excludes direct work compensation C.Health and welfare plans D. non-direct compensation paid for by the employer

B. Rewards that excludes direct work compensation

The comparative analysis method of evaluation provides: A. Judgment's according the observers perception of the benefit plans value or impact. B. Similarities and differences between two data points. C. Logical story that explains the differences after a health intervention D. Correlation or regression models that show the probability and relationship between variables.

B. Similarities and differences between two data points.

The payment of a Critical Illness insurance requires the diagnosis and ______ a covered condition. A. Cure from B. Survival of C. Fatality from

B. Survival of

Which of the following is NOT an assumption typically used by actuaries when valuing a pension plan? A. The cost of plan administration B. The likelihood of the employer remaining in business C. Spousal relationships at the time of retirement D. Increases to the cost of living

B. The likelihood of the employer remaining in business

If a pension plan has a Retirement Factor of 85 and the employee retires and starts their pension with a Retirement Factor of 80 the implication is that: A. Their pension benefit will end 5 years before it is supposed to. B. Their pension benefit will be reduced. C. They will be required to make a cash payment to 'top up' their benefit contributions to the expected level. D. All of these E. None of these

B. Their pension benefit will be reduced.

A Defined Contribution pension plan has the feature that: A. There is a fixed schedule of benefit payments made to members on their retirement B. There is a fixed schedule of premium payments made to the plan by members during the course of their employment. C. The plan is not subject to the stock market. D. All of these E. None of these

B. There is a fixed schedule of premium payments made to the plan by members during the course of their employment.

If an Alberta resident is hospitalized in another province, the Alberta Health Care system normally: A. Does nothing. The resident's treatment is covered by the other province. B. Transfers funding for the resident's treatment to the other province. C. Transfers funding for the resident's treatment to the other province, and demands repayment from the resident. D. Transfers funding for the resident's treatment to the other province, and demands repayment from the resident's private health plan.

B. Transfers funding for the resident's treatment to the other province.

If fully paid by the employer throughout the year, which of the following is likely to represent the greatest cost to the employer? A. Time off for dental appointments B. Two daily coffee breaks C. The premium for the employee's coverage under an Accidental Death & Dismemberment Plan D. The employers portion of Employment Insurance premiums

B. Two daily coffee breaks

Which of the following provisions of the Canada Health Act ensure that care is not provided or denied on an income-tested basis? A. Portability B. Universiality C. Comprehensiveness D. Public Administration

B. Universiality

Which of the following plan parameters controls Critical Illness insurance costs by non-coverage of claims that occur within 30 days of initiating insurance? A. Maximum Payment B. Vesting C. Survival Periods D. Age Maximum

B. Vesting

Which government programs addresses employee incapacity coverage related to workplace accidents? A. Employment Insurance B. Workers Compensation C. Guaranteed Income Supplement D. Canada Pension Plan

B. Workers Compensation

If an employee contributes 5% of salary to a group Registered Retirement Savings Plan, and the employer matches their contribution, how much of their RRSP room remains after the contributions? Assume the employee's salary is $50,000 A. $0.00 B. $500 C. $4,000 D. $9,000

C. $4,000

What is the minimum length of agreement carriers seek when servicing a new benefit plan? A. 1 year B. 3 years C. 5 years D. 10 years

C. 5 years

Generally speaking, employer's short-term incapacity coverage (Sick Leave) plans address what percentage of employee income? A. 0-25% B. 25-50% C. 50-75% D. 75-100%

C. 50-75%

At which level of implementation duties does the responsibility for 'remitting benefit premiums to the carrier' reside? A. Strategic B. Professional C. Administrative

C. Administrative

Which of the following methods of evaluation is described as an approach that relies on making a logical story that explains the differences identified after an intervention? A. Personal analysis B. Comparative analysis C. Contributory analysis D. Statistical analysis

C. Contributory analysis

Which of the following is an example of indirect compensation? A. Salaries and bonuses B. Job satisfaction C. Employee benefits D. Flexible work arrangements

C. Employee benefits

In line with the principles of true group insurance, saving administrative costs is achieved through: A. Choice of benefits and coverage being restricted. B. Employers must pay for a portion of the program C. Employee contributions are made through payroll deduction D. A large number and variety of participating employees spreads the risk.

C. Employee contributions are made through payroll deduction

Which of the following labels refers to pharmaceutical drugs that also known as 'Least Cost Alternative'? A. Name Brand B. Prescription C. Generic D. Formulary

C. Generic

Which reason for offering dental coverage relates to the fact that poor oral hygiene may relate to heart disease? A. Functional B. Cosmetic C. Health D. Social

C. Health

Which of following conditions is the second leading cause of death in Canada? A. Cancer B. Motor Neuron Disease C. Heart Disease D. Stroke

C. Heart Disease

Employee messaging for "Engagement" is focused on: A. Helping employees know about the presence of the benefits plan. B. Helping employees know how the plan works so they can be responsible participants. C. Helping employees become motivated to enroll in and make use of the benefit plan

C. Helping employees become motivated to enroll in and make use of the benefit plan

Which of the following labels best describes the incentive benefit carriers may offer that helps the employer update their HR Information System and communicate the new benefit plan to employees? A. Discounts B. Supplemental Services C. Implementation Supports

C. Implementation Supports

Private pension plans may include a reference to the Canadian Government's Yearly Maximum Yearnings in its benefit formula. Normally, the YMPE is included in the pension plan formula in order to: A. Remind employees about the presence of the Canada Pension Plan B. Offset employee contributions to the Canada Pension Plan so that employees are not paying contributions to both the Canada Pension Plan and the Private Plan. C. Integrate the Canada Pension Plan and the Private Plan to deliver a targeted pension value for the employee.

C. Integrate the Canada Pension Plan and the Private Plan to deliver a targeted pension value for the employee.

How is investment income on a Registered Retirement Savings Plan taxed? A. It is taxed as it accrues B. It is tax-free C. It is taxed when it is withdrawn in cash or paid out as part of a Registered Retirement Income Fund D. It is tax-free only as a component of a lifetime pension

C. It is taxed when it is withdrawn in cash or paid out as part of a Registered Retirement Income Fund

An employer's short-term incapacity coverage plan is normally: A. First Payer for benefits B. 50/50 Payer for benefits C. Last Payer for benefits

C. Last Payer for benefits

According to the Sanofi 2018 Healthcare Survey, which is the following is correct? A. Majority of members (employees) and plan sponsors (employers) think Medical Marijuana should be covered by private benefit plans. B. Minority of members (employees) and Majority of plan sponsors (employers) think Medical Marijuana should be covered by private benefit plans. C. Majority of members (employees) and Minority of plan sponsors (employers) think Medical Marijuana should be covered by private benefit plans.

C. Majority of members (employees) and Minority of plan sponsors (employers) think Medical Marijuana should be covered by private benefit plans.

Which of the following explanations of cost increases relates to societal understandings that common conditions now require formal treatment? A. Demographic changes B. Cost shifting C. Medicalization of health

C. Medicalization of health

Why are vision care plans affected only minimally by inflationary pressures? A. The eyeglass industry has become more competitive B. Employees are purchasing eye glasses less frequently due to greater eye health in society. C. Most benefit plans have a low dollar limit and 2 year recurrence so most employees don't expect the benefit to cover a full set of glasses. D. The cost of eye glasses has increased at a much lower rate than other health services and products.

C. Most benefit plans have a low dollar limit and 2 year recurrence so most employees don't expect the benefit to cover a full set of glasses.

Which of the following labels best applies to the description 'Focuses on the treatment of diseases without the use of pharmaceutical drugs. A. Osteopath B. Podiatrist C. Naturopath D. Acupuncturist

C. Naturopath

Workers Compensation Benefits are: A. Fully taxed when received by employees B. Partially taxed when received by employees C. Not taxed when received by employees

C. Not taxed when received by employees

Which of the following income supplements is 'income-means' tested and thus a 'clawback'? A. Canada Pension Plan B. Guaranteed Income Supplement C. Old Age Security D. All of these E. None of these

C. Old Age Security

Which of the following is NOT an employee benefit? A. Informal sick leave B. Reserved parking spaces C. Overtime pay D. Paid coffee breaks

C. Overtime pay

All employers are required, by legislation, to provide employees with: A. Paid time off to attend jury duty B. Paid time off to stay home will ill dependents C. Paid time off for vacation D. Paid maternity leave

C. Paid time off for vacation

The purpose of Employment Insurance is to: A. Provide compensation to workers in the event of a workplace accident. B. Provide retirement income to workers at the close of their career. C. Provide income protection to workers in the event of an interruption of earnings. D. All of these E. None of these

C. Provide income protection to workers in the event of an interruption of earnings.

Which of the following Plan Limiters pertains to the number of times that a benefit or service may be used? A. Eligibility B. Verification C. Recurrance D. Products

C. Recurrance

The distinction between full-service benefit carriers and specialty providers is that: A. Full-service providers won't carry the unique products of specialty providers B. Specialty-providers are generally larger by business volume than full-service providers C. Specialty-providers focus their business on only certain segments of the benefits market D. Specialty-providers generally offer products at higher cost than full-service providers.

C. Specialty-providers focus their business on only certain segments of the benefits market

Employee contributions to their private pension plan are: A. Subject to additional income tax B. Not Taxed C. Tax deductable

C. Tax deductable

The proceeds of a basic group life insurance plan are received by the beneficiary as: A. A taxable benefit B. Tax-free benefit only if the beneficiary is a spouse or dependent child C. Tax-free benefit D. Taxable benefit only after the first $25,000

C. Tax-free benefit

Which of the following implementation duties relates to uploading employee data to the benefits carrier's system? A. Administrative Preparation B. Communications to Employees C. Technology and Data

C. Technology and Data

One of the principles of true group insurance is that the employee must be actively at work in order to be eligible for coverage. What assumption does the insurer make regarding an employee when the employee becomes eligible for coverage? A. That the employee will submit satisfactory medical evidence for all benefit plans B. That the employee will not incur a claim during the first two years of coverage. C. That if the employee can obtain a position and is at work on the effective date that the employee is reasonably healthy. D. That the employee will successfully complete a probationary period.

C. That if the employee can obtain a position and is at work on the effective date that the employee is reasonably healthy.

Which of the following expenses does the Alberta provincial health care plan usually exclude? A. Physiotherapy provided in a hospital B. Medically necessary physician services C. The additional cost of private hospital room accommodation D. Drugs administered in the hospital

C. The additional cost of private hospital room accommodation

Which of the following is NOT a reason why co-insurance (or deductable) is an effective cost containment feature in a benefit plan? A. A portion of the cost will be paid out of pocket and will act as deterrent to frivolous use. B. The employee will be a better consumer than if the expense were fully paid by the plan. C. The provider will charge less for plans with co-insurance. D. Co-insurance does not have to be adjusted to account for inflationary increases in health or dental expenses.

C. The provider will charge less for plans with co-insurance.

The label "Plan Preferences" suggests that managers may not want to hear employee voice because: A. It is their job to make plan decisions. B. They feel personally inclined to make independent decisions. C. They desire certain benefit items and do not desire contracting information. D. They may be focused on the bottom-line and not want to entertain more expensive suggestions for more expensive items.

C. They desire certain benefit items and do not desire contracting information.

How have provincial healthcare plans downloaded costs on to employer's supplementary health care plans? A. They have increased wait times for elective surgeries B. They have made changes to generic drug coverage C. They have de-listed certain healthcare services D. They have increase funding for long-term care

C. They have de-listed certain healthcare services

Co-insurance for extensive, major restorative dental services is commonly: A. 80-90% B. 70-80% C. 60-70% D. 50-60%

D. 50-60%

Co-insurance for extensive, major restorative dental services is commonly: A. 80-90% B. 70-80% C. 60-70% D. 50-60%

D. 50-60%

A strategic reason why organizations offer employee benefits is: A. To increase worker productivity B. To enhance the employer's reputation C. To offset employee wage demands D. All of these E. None of these

D. All of these

An unintended consequence of defined benefit pension plans is that: A. Employees that would otherwise quit the company stay on a few extra years to reach their Retirement Factor. B. Employers forecast employee exits based on full pension eligibility and are surprised when employees do not quit when reaching their factor. C. Employers and employees are forced to make escalating payments into the pension plan because of poor stock market and investment returns. D. All of these E. None of these

D. All of these

Critical Illness insurance may also cover which general limitation to daily living? A. Dressing B. Ambulating C. Toileting D. All of these E. None of these

D. All of these

Prior to completing an RFP a benefits carrier will generally want to know which piece of information about the employees to be covered? A. Number of employees to be covered B. Employee demographics C. Typical employee tenures D. All of these E. None of these

D. All of these

The Alberta Employment Pensions Act requires the Plan Administrator to: A. Act in good faith B. Engage in policy management C. Perform recording and reporting D. All of these E. None of these

D. All of these

WCB compensation for workplace related fatalities includes coverage for: A. Funeral costs B. Grief counseling C. Vocational services D. All of these E. None of these

D. All of these

Which of the following are Meredith Principles? A. No Fault Compensation B. Collective Liability C. Exclusive Jurisdiction D. All of these E. None of these

D. All of these

Which of the following plan parameters help control costs for Accidental Death & Dismemberment insurance? A. Criminal Activity B. Insurrection, War, Riot C. Age greater than 65 D. All of these E. None of these

D. All of these

Which of the following is a common example of a plan limiter for a dental plan? A. Up to 3 units of scaling B. Flouride treatment for children only C. 1 Dental examination in a 12-month period D. All of these are common plan limiters E. None of these are common plan limiters

D. All of these are common plan limiters

Which of the following pieces of legislation helped stabilize and legitimize the conduct of employers and their pension plans.? A. 1887 Pension Fund Societies Act B. 1908 Government Annuities Act C. 1965 Pension Benefits Act (Ontario) D. Both the 1887 Pension Fund Societies Act and 1965 Pension Benefits Act (Ontario)

D. Both the 1887 Pension Fund Societies Act and 1965 Pension Benefits Act (Ontario)

Which term describes the pension design variable that allows the plan to increase benefit payments to retired members in alignment with general inflation. A. Plan eligibility B. Portability C. Retirement Factor D. COLA

D. COLA

The provincial health care program must cover all medically necessary services, yet ambulance services from the point of an accident to the hospital are not covered expenses. In theory, one could argue that this may violate which aspect of the Canada Health Act criteria? A. Accessibility B. Portability C. Universiality D. Comprehensiveness

D. Comprehensiveness

Which of the following did NOT contribute to the growth of employee benefits after the 1940s? A. Wage and price controls froze wages and, as a result, employee benefits expanded. B. Benefits were used to attract and retain employees, especially during labour shortages. C. Unions began to bargain for employee benefits D. Dual income earning families become more predominant in the workplace decreasing the need for benefits.

D. Dual income earning families become more predominant in the workplace decreasing the need for benefits.

Which statement regarding the employee advantages of benefits is FALSE? A. Most employee benefits are more affordable than coverage obtained individually B. Some types of coverage may be unavailable to employees as individual products C. Most employee benefits are more tax-efficient than direct compensation D. Employees will be refunded premiums on benefit plans that they do not utilize

D. Employees will be refunded premiums on benefit plans that they do not utilize

Which of the following terms is described as being the insurance risk of the covered members in the group life insurance plan? A. Medical Evidence B. Conversion Privilege C. Pooling D. Experience

D. Experience

Which of the following descriptions best fits the label Physiotherapist? A. Focuses on the diagnosis and treatment of the spine and musculoskelatal system B. Focuses on the manipulation of soft body tissues C. Focuses on rehabilitation towards daily living activities D. Focuses on movement and joint range of motion

D. Focuses on movement and joint range of motion

Which of the following is not a source of income for disabled employees? A. Employer's Sick Leave Plan B. Employment Insurance C. Canada Pension Plan D. Guaranteed Income Supplement

D. Guaranteed Income Supplement

Which of the following is NOT an example of downloading costs from the public health care system to the private sector (Employer Plans)? A. Delisting chiropractor services B. Reducing or eliminating coverage under seniors plans C. Early release from hospitals D. Increased use of generic drugs

D. Increased use of generic drugs

Health plans have seen significant increases every year for two decades. The drivers of these increases to the costs benefits plans are all the following EXCEPT: A. Government downloading B. Aging workforce with increased utilization C. Rising cost of prescription drugs D. Increasing deductables

D. Increasing deductables

Which of the following RFP decision priorities describes the idea that the preferred carrier has a strong ability to connect data and information systems with the employer to maximize usage and value of the benefit plan? A. Design B. Employee Experience C. Technology D. Integration

D. Integration

Which of the following is not usually part of the 'Over Coverages' aspect of a benefit plan? A. Vision B. Medical Devices C. Out-of-Country Coverage D. Psychologist

D. Psychologist

Which of the following is NOT the purpose of implementing a waiting period prior to the effective date of benefit plan coverage? A. It provides adequate time for an employer to complete all administrative requirements for plan enrollment. B. The waiting period may coincide with the employee's probationary period. C. It is a cost-containment feature since the employee cannot access the benefit plan during the waiting period, and the employer does not pay premiums during this time. D. The waiting period allows employees to ample opportunity to opt out of the benefits they do not think they will utilize.

D. The waiting period allows employees to ample opportunity to opt out of the benefits they do not think they will utilize.

What is the current maximum tax-free savings account contribution? A. $5,500 B. $10,000 C. $5,500 to a max of 18% of income D. $10,000 to a max of 15% of income

A. $5,500

An employee currently has a retirement factor of 75 and must reach a retirement factor of 80 for a full pension. How many more years must the employee work to reach their 80 factor? A. 2.5 years B. 5 years C. 10 years

A. 2.5 years

According to the Sanofi 2018 Healthcare Survey, employees are more likely to speak positively about their benefits plan when it includes: A. A wellness program B. Flu shots C. Biological drugs

A. A wellness program

According to the Sanofi 2018 Healthcare Survey, the majority of employees: A. Are willing to receive health information based on their use of the benefits plan. B. Are not willing to receive health information based on their use of the benefit plan C. Are unsure if they are willing to receive health information based on their use of the benefit plan

A. Are willing to receive health information based on their use of the benefits plan.

Which level of dental services is focused on preventative and minor restorative work? A. Basic B. Major C. Orthodontics

A. Basic

In the event of an applicable workplace accident, Accidental Death and Dismemberment insurance benefit will: A. Be paid in addition to any WCB compensation. B. Be withheld in balance to any WCB compensation C. Be forfeited in favour of any WCB compensation

A. Be paid in addition to any WCB compensation.

A death benefit is available from all of the following sources, EXCEPT: A. Employment Insurance B. Canada Pension Plan C. Basic Group Life D. Workers' Compensation

A. Employment Insurance

Maternity leave payments are provided by which government program? A. Employment Insurance B. Guaranteed Income Supplement C. Workers Compensation

A. Employment Insurance

According to the Alberta Government's 1st Choice Benefit Plan AD&D coverage, the relative value of a loss of "One Hand and One Foot" is _______ the loss of "Both Arms or Both Hands" A. Equal to B. More than C. Less than

A. Equal to

Employment Insurance and Canada Pension Plan benefits are: A. Fully taxed when received by employees B. Partially taxed when received by employees C. Not taxed when received by employees

A. Fully taxed when received by employees

When an employer pays for all or part of a Long-term Disability Premium (even 1 cent) the benefit is: A. Fully taxed when received by the employee B. Taxed on a pro-rated basis by the premium payment differential C. Not taxed when received by the employee

A. Fully taxed when received by the employee

Which of the following is mechanism for employee voice through a dedicated and sophisticated focus / action group? A. Joint Benefits Committee B. Employee Survey C. Regular Focus Group

A. Joint Benefits Committee

Which label below best describes the reason that dental care is not part of the Canada Health Act because dental care is a person, individual responsibility. A. Legislative B. Professional C. Socio-cultural

A. Legislative

When employers allow employees to miss a portion of the work day for medical services, this benefit is normally called: A. Medical Appointments B. Casual Leave C. Short Term Leave D. Long Term Leave

A. Medical Appointments

In terms of product / service eligibility for coverage, a Healthcare Spending Account is normally: A. More restrictive than a Personal / Wellness Spending Account B. Less restrictive than a Personal / Wellness Spending Account C. Equally restrictive as a Personal / Wellness Spending Account

A. More restrictive than a Personal / Wellness Spending Account

Which Administration control for benefit plan expenses most conflicts with employee interests for benefit coverage that meets their unique needs? A. Plan simplification B. Automation C. Provider agreements

A. Plan simplification

A disability income benefit can be found in all of the following government sponsored plans EXCEPT: A. Provincial Health Care B. Canada Pension Plan C. Workers Compensation D. Employment Insurance

A. Provincial Health Care

Employee voice refers to the idea that: A. Receiving, Respecting, and Responding to employee interests for the workplace. B. Recognizing and Rewarding employees for making suggestions for the workplace. C. Referring and Recommending employee suggestions for the workplace to senior leaders.

A. Receiving, Respecting, and Responding to employee interests for the workplace.

Based on the 2018 Sanofi Healthcare Survey, employees state they value: A. Regular contributions towards basic health needs over coverage for unexpected and costly health needs B. Coverage for unexpected and costly health needs over regular contributions towards basic health needs C. Both equally - coverage for unexpected and costly health needs and regular contributions towards basic health needs

A. Regular contributions towards basic health needs over coverage for unexpected and costly health needs

Which of the labels below reflects the idea that managers may not want to hear employee voice because the manager perceives it as their right to make independent decisions. A. Role Perception B. Personality C. Time and Resource Expense D. Plan Preferences

A. Role Perception

Which form of life insurance has a set duration and usually no cash value? A. Term Life Insurance B. Permanent Whole Life Insurance C. Permanent Universal Life Insurance

A. Term Life Insurance

Among the components of prescription drug costs, which of the following is for the pharmacist's professional services? A. The dispensing fee B. Transitional allowances C. Retail mark-up D. Overhead charges

A. The dispensing fee

The cost of employer-provided post-retirement health care benefits is a growing concern because: A. The number of retirees is growing, life expectancy is increasing, and health care inflation is outpacing the consumer price index. B. The younger workforce resent those in receipt of post-retirement benefits and no longer contribute funds to those plans. C. It is difficult for employers to administer the plans because many retirees travel extensively D. Employers can no longer afford the costs associated with Out-of-Canada health claims for retirees.

A. The number of retirees is growing, life expectancy is increasing, and health care inflation is outpacing the consumer price index.

A Defined Benefit pension plan has the feature that: A. There is a fixed schedule of benefit payments made to members on their retirement B. There is a fixed schedule of premium payments made to the plan by members during the course of their employment. C. The plan is not subject to the stock market. D. All of these E. None of these

A. There is a fixed schedule of benefit payments made to members on their retirement

Which statement is true about benefit carriers and their decisions about offered coverage? A. They are permitted to determine costs on the basis of Human Rights Protected areas, such as age and gender. B. They are NOT permitted to determine costs on the basis of Human Rights Protected areas, such as age and gender.

A. They are permitted to determine costs on the basis of Human Rights Protected areas, such as age and gender.

Which term best describes the situation of a Defined Benefit pension plan being forecasted to have less money on reserve than its pension obligations. A. Unfunded liability B. Fully funded C. Surplus funds

A. Unfunded liability

How did unions contribute to the growth of employee benefits after the 1940s? A. Unions began to bargain for employee benefits just as they bargain for increases in wages. B. Unions went on Wildcat strikes to protest the lack of women in the workplace. C. Unions refused to have members contribute to employer-sponsored benefit plans. D. Unions added group benefits to union-sponsored benefit programs, and employers decided to follow their lead.

A. Unions began to bargain for employee benefits just as they bargain for increases in wages.

An organization's Total Rewards Strategy: A. Is all of its tools used to attract, motivate, and retain employees. B. Is its philosophical approach to how much compensation employees should receive. C. The portion of compensation related to direct payments to employees. D. The portion of compensation related to indirect payments to employees.

A.Is all of its tools used to attract, motivate, and retain employees.

According to the Sanofi 2018 Healthcare Survey, a majority of employees would prefer: A. $5000 in Cash instead of their benefit plan B. $10,000 in Cash instead of their benefit plan C. No amount of Cash instead of their benefit plan

B. $10,000 in Cash instead of their benefit plan

Approximately, how much is the maximum, one-time, lump sum death benefit payable by the Canada Pension Plan? A. $364 B. $2,500 C. $940 D. $10,000

B. $2,500

If a child has health coverage under both parents' plans, both with 80% reimbursement, what is the maximum reimbursement? A. 160% B. 100% C. 80% D. 64%

B. 100%

While exact costs differ by employer and plans, it is generally true that employer benefit plans cost: A. 5-15% of payroll B. 15-25% of payroll C. 25 - 35% of payroll D. 35% + of payroll

B. 15-25% of payroll

Generally speaking, to qualify for Employment Insurance benefits an employee must work how much during the qualifying period? A. 500 Hours B. 600 Hours C. 25 Weeks D. 55 Weeks

B. 600 Hours

What is an RRSP Pension Adjustment? A. A deduction that employers make from an employee's pension contributions to reflect plan design. B. A lump sum amount that reflects the accrued value of the pension earned in the year. C. Pensionable earnings project for future pay increases D. An adjustment that reflected the fact that the employee's contributions are vested and locked-in

B. A lump sum amount that reflects the accrued value of the pension earned in the year.

What is the disability benefit available under Employment Insurance? A. A long-term disability benefit B. A short-term disability benefit C. a lump sum payment D. a disability benefit for work-related disabilities

B. A short-term disability benefit

What is the likelihood of return to work for an employee who has been on disability for six months? A. Less than 20% B. About 50% C. About 70% D. About 85%

B. About 50%

Voluntary benefit plans are: A. Complimentary to those offered by the government B. Additional to those legislated by government C. Inferior to those offered by government D. Superior to those offered by government

B. Additional to those legislated by government

Which plan design funding arrangements involves the the carrier only approving and paying claim expenses and not accepting financial risks / gains of the benefit plan. A. Self-funded B. Administrative services only C. Pooled insurance

B. Administrative services only