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

New benefits are more difficult to introduce.

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

Use of materials

Which of the following benefits is NOT mandated by either the state or federal government?

Work/life balance

The first issue in setting up a benefits package is:

finding out who should be protected or benefited.

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

outsourcing

How many weeks of leave does the Family Medical Leave Act (1993) mandate for all workers at companies that employ 50 or more people?

12 weeks

Which of the following statements is true of employee benefits?

Group insurance benefits 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.

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?

Question options: Benefit limitations

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

They increase the involvement of employees in choosing benefit plans.

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

flexible benefit

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?

he Patient Protection and Affordable Care Act (2010)

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

less than 15

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

pensions; medical coverage

A survey shows that most employers are responding to increased benefit costs by

requiring employees to pay higher deductibles and copays.

One of the most preferred benefits is

stock plans

All of the following are advantages of flexible benefits EXCEPT:

decreased administrative expenses.

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.

DrenchFort Corp. is a small company that pays high wages. As its wages are high, it does not provide any benefits. Recently, it has noticed that its employee turnover has increased, so it decides to provide benefits to retain employees. Which of the following benefits is most likely to reduce turnover?

medical coverage

Surveys show that the most highly valued employee benefit is:

medical insurance.

The most widely used benefit survey is conducted by:

the U.S. Chamber of Commerce.

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 coverag

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

foreign lawsuits

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

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

________ allows employees who resign or are laid off through no fault of their own to continue receiving health coverage under their employer's plan at a cost borne by the employee.

The Consolidated Omnibus Budget Reconciliation Act (1984)

Limiting the liability for an employee's extended hospital stay costs to $200,000 is a cost-containment measure known as:

benefit ceiling.