Compensation Chapter 13

Almost ________ percent of the companies offering child care assistance to employees also offer elder care assistance.

50

The ________ was enacted by the Congress to provide current and former employees and their spouses and dependents with a temporary extension of group health insurance when coverage is lost due to qualifying events.

Consolidated Omnibus Budget Reconciliation Act

Which of the following is true of the Affordable Care Act?

It is aimed at expanding health care coverage through an individual mandate to purchase health insurance and an employer mandate to provide qualifying health insurance coverage.

Jacob, an 18-year-old, has been working at HoldVille Corp. for over a year. If HoldVille offers full vesting after one year, which of the following statements is true?

Jacob is not eligible for pension as he is not over 21.

Maxford Corp. offers full vesting after two years. However, it does not offer portability of pension to its employees. Which of the following statements is true in this scenario?

Maxford does not have to provide vested benefits to employees who quit before six months.

Jennifer is hurt at work while driving a forklift. Her employer claims that she was injured as a result of her careless driving and is therefore not eligible for workers' compensation. What will be the outcome of the employer's challenge to her worker's compensation claim?

She will likely receive workers' compensation benefits.

In the context of the Consolidated Omnibus Budget Reconciliation Act, which of the following statements is true?

The biggest concern for individuals getting health insurance under the Consolidated Omnibus Budget Reconciliation Act is the relatively brief qualifying period.

What is the first question that should be asked when determining the amount of retirement income an employer should provide?

What level of retirement compensation would the employer like to set as a target, expressed in relation to preretirement earnings?

In the majority of states, unemployment insurance is financed exclusively by:

employers that pay federal and state unemployment insurance.

A health maintenance organization pulls together a group of providers willing to provide services at an agreed upon rate in exchange for employers:

limiting employees to these providers for health services.