Question 1

Describe five ways that an employer-sponsored health plan could lose its grandfathered status.

Accepted Answer

Grandfathered plans could lose this status if at least one of the following modifications were made:
∙Eliminating all or substantially all benefits to diagnose or treat a particular condition.
∙Increase in a percentage cost-sharing requirement (e.g.,raising an individual's coinsurance requirement from 20% to 25%).
∙Increasing a deductible or out-of-pocket maximum by an amount that exceeds medical inflation plus 15 percentage points.
∙Increasing a copayment by an amount that exceeds medical inflation plus 15 percentage points (or,if greater,$5 plus medical inflation).
∙Decreasing an employer's contribution rate towards the cost of coverage by more than 5 percentage points.
∙Imposing annual limits on the dollar value of all benefits below specified amounts.

Question 2

________ requires employers to offer affordable health insurance to employees.

Accepted Answer

Patient Protection and Affordable Care Act of 2010

Question 3

________ physicians determine when patients need the care of specialists and help to control costs by reducing the number of unnecessary visits to specialists.

Accepted Answer

Primary care

Question 4

Compare Social Security disability benefits with the workers' compensation disability benefits.

Accepted Answer

Workers' compensation differs from Socia

Question 5

________ accounts allow employees to pay for specified health care costs not covered by an employer's insurance plan.

Accepted Answer

The answer of ________ accounts allow employees to pay for...

Question 6

What is the maximum amount that companies are permitted to charge COBRA beneficiaries?

Accepted Answer

A) 102 percent of all employees' annual pay 
B) 102 percent of the employee's annual pay 
C) 102 percent of the cost of health insurance to the beneficiary under the employer's plan 
D) 102 percent of the federal poverty guidelines 
A) 102 percent of all employees' annual pay 
B) 102 percent of the employee's annual pay 
C) 102 percent of the cost of health insurance to the beneficiary under the employer's plan 
D) 102 percent of the federal poverty guidelines

Question 7

Ensuring the financial solvency of individuals during periods of temporary unemployment and following work-related injuries helps to do which of the following?

Accepted Answer

A) promote tax revenue 
B) promote the well-being of the economy 
C) provide competitive advantage to some employers, but not to others 
D) enhance organizational commitment 
A) promote tax revenue 
B) promote the well-being of the economy 
C) provide competitive advantage to some employers, but not to others 
D) enhance organizational commitment

Question 8

The ________ is the minimum period of time an individual must be employed before becoming eligible to receive unemployment insurance under the Social Security Act of 1935.

Accepted Answer

The answer of The ________ is the minimum period of...

Question 9

Under which law must former employees be given the choice to continue their coverage,as well as coverage for their spouses and dependents,for up to 18 months?

Accepted Answer

A) Health Maintenance Act 
B) Patient Protection and Affordable Care Act 
C) Consolidated Omnibus Budget Reconciliation Act 
D) Employee Retirement Income Security Act 
A) Health Maintenance Act 
B) Patient Protection and Affordable Care Act 
C) Consolidated Omnibus Budget Reconciliation Act 
D) Employee Retirement Income Security Act

Question 10

Which of the following is covered by Medicare Part A?

Accepted Answer

A) inpatient hospital care 
B) IV drugs 
C) ambulance 
D) outpatient care 
A) inpatient hospital care 
B) IV drugs 
C) ambulance 
D) outpatient care

Question 11

Which of the following refers to payments an individual makes as a condition of receiving medical services?

Accepted Answer

A) coinsurance 
B) premium 
C) deductible 
D) copayments 
A) coinsurance 
B) premium 
C) deductible 
D) copayments

Question 12

PPACA has mandated that the "donut hole," which is the gap in Medicare Part D prescription drug coverage,must decrease each year until it reaches no more than which of the following?

Accepted Answer

A) 10 percent of the prescription drug medication cost 
B) 15 percent of the prescription drug medication cost 
C) 20 percent of the prescription drug medication cost 
D) 25 percent of the prescription drug medication cost 
A) 10 percent of the prescription drug medication cost 
B) 15 percent of the prescription drug medication cost 
C) 20 percent of the prescription drug medication cost 
D) 25 percent of the prescription drug medication cost

Question 13

Why do health reimbursement accounts (HRAs)appeal to employees with low salaries or hourly wages?

Accepted Answer

A) The contribution of employees is on a pretax basis. 
B) Employees have the option not to contribute to an HRA. 
C) Employees forfeit unused balances at the end of a year. 
D) HRAs permit employees to carry unused balances from year to year. 
A) The contribution of employees is on a pretax basis. 
B) Employees have the option not to contribute to an HRA. 
C) Employees forfeit unused balances at the end of a year. 
D) HRAs permit employees to carry unused balances from year to year.

Question 14

Briefly discuss the components of legally required benefits.How can HR managers minimize the costs that are associated with legally required benefits?

Accepted Answer

Legally required benefits are mandated b

Question 15

Which strategy could help contain workers' compensation costs?

Accepted Answer

A) implementing health promotion programs 
B) raising employees' share of health insurance costs 
C) eliminating probationary waiting periods 
D) requiring that employees purchase and appropriately use safety gear 
A) implementing health promotion programs 
B) raising employees' share of health insurance costs 
C) eliminating probationary waiting periods 
D) requiring that employees purchase and appropriately use safety gear

Question 16

A health insurance plan would lose its grandfathered status if it were to change ________.

Accepted Answer

carriers (

Question 17

Under the Family and Medical Leave Act,how many hours would Pierre have had to work in the previous 12 months in order for him to take time off to care for his wife and new child?

Accepted Answer

A) 1,000 
B) 1,250 
C) 1,600 
D) 800 
A) 1,000 
B) 1,250 
C) 1,600 
D) 800

Question 18

To be eligible for unemployment insurance benefits,an individual must meet which of the following requirements?

Accepted Answer

A) has been employed for at least 5 years 
B) has not voluntarily changed employers within a 3-year period 
C) has not been terminated because of gross violations of workplace conduct 
D) has been eligible to receive Medicare benefits for at least 10 years 
A) has been employed for at least 5 years 
B) has not voluntarily changed employers within a 3-year period 
C) has not been terminated because of gross violations of workplace conduct 
D) has been eligible to receive Medicare benefits for at least 10 years

Question 19

To receive OASDI disability benefits,Sung Lee's disability would have to be expected to last at least how long?

Accepted Answer

A) 6 months 
B) 12 months 
C) 3 months 
D) 18 months 
A) 6 months 
B) 12 months 
C) 3 months 
D) 18 months

Question 20

Jose invested $2,000 in pre-tax income into this healthcare plan but lost the $780 unspent balance remaining at the end of the year.What type of plan was it?

Accepted Answer

A) health savings account 
B) flexible spending account 
C) health reimbursement arrangement 
D) fee-for service plan 
A) health savings account 
B) flexible spending account 
C) health reimbursement arrangement 
D) fee-for service plan

Describe five ways that an employer-sponsored health plan could lose its grandfathered status.

________ requires employers to offer affordable health insurance to employees.

________ physicians determine when patients need the care of specialists and help to control costs by reducing the number of unnecessary visits to specialists.

Compare Social Security disability benefits with the workers' compensation disability benefits.

________ accounts allow employees to pay for specified health care costs not covered by an employer's insurance plan.

What is the maximum amount that companies are permitted to charge COBRA beneficiaries?

Ensuring the financial solvency of individuals during periods of temporary unemployment and following work-related injuries helps to do which of the following?

The ________ is the minimum period of time an individual must be employed before becoming eligible to receive unemployment insurance under the Social Security Act of 1935.

Under which law must former employees be given the choice to continue their coverage,as well as coverage for their spouses and dependents,for up to 18 months?

Which of the following is covered by Medicare Part A?

Which of the following refers to payments an individual makes as a condition of receiving medical services?

PPACA has mandated that the "donut hole," which is the gap in Medicare Part D prescription drug coverage,must decrease each year until it reaches no more than which of the following?

Why do health reimbursement accounts (HRAs)appeal to employees with low salaries or hourly wages?

Briefly discuss the components of legally required benefits.How can HR managers minimize the costs that are associated with legally required benefits?

Which strategy could help contain workers' compensation costs?

A health insurance plan would lose its grandfathered status if it were to change ________.

Under the Family and Medical Leave Act,how many hours would Pierre have had to work in the previous 12 months in order for him to take time off to care for his wife and new child?

To be eligible for unemployment insurance benefits,an individual must meet which of the following requirements?

To receive OASDI disability benefits,Sung Lee's disability would have to be expected to last at least how long?

Jose invested $2,000 in pre-tax income into this healthcare plan but lost the $780 unspent balance remaining at the end of the year.What type of plan was it?

Strategic Compensation: a Component of Human Resource Systems

Contextual Influences on Compensation Practice

Traditional Bases for Pay: Seniority and Merit

Incentive Pay

Person-focused Pay

Building Internally Consistent Compensation Systems

Building Market-competitive Compensation Systems

Building Pay Structures That Recognize Individual Contributions

Discretionary Benefits

Compensating Executives

Compensating the Flexible Work Force: Contingent Employees and Flexible Work Schedules

Compensation Expatriates

Pay and Benefits Outside the United States

Challenges Facing Compensation Professionals

Filters

Exam 10: Legally Required Benefits

Describe five ways that an employer-sponsored health plan could lose its grandfathered status.

________ requires employers to offer affordable health insurance to employees.

________ physicians determine when patients need the care of specialists and help to control costs by reducing the number of unnecessary visits to specialists.

Compare Social Security disability benefits with the workers' compensation disability benefits.

________ accounts allow employees to pay for specified health care costs not covered by an employer's insurance plan.

What is the maximum amount that companies are permitted to charge COBRA beneficiaries?

Ensuring the financial solvency of individuals during periods of temporary unemployment and following work-related injuries helps to do which of the following?

The ________ is the minimum period of time an individual must be employed before becoming eligible to receive unemployment insurance under the Social Security Act of 1935.

Under which law must former employees be given the choice to continue their coverage,as well as coverage for their spouses and dependents,for up to 18 months?

Which of the following is covered by Medicare Part A?

Which of the following refers to payments an individual makes as a condition of receiving medical services?

PPACA has mandated that the "donut hole," which is the gap in Medicare Part D prescription drug coverage,must decrease each year until it reaches no more than which of the following?

Why do health reimbursement accounts (HRAs)appeal to employees with low salaries or hourly wages?

Briefly discuss the components of legally required benefits.How can HR managers minimize the costs that are associated with legally required benefits?

Which strategy could help contain workers' compensation costs?

A health insurance plan would lose its grandfathered status if it were to change ________.

Under the Family and Medical Leave Act,how many hours would Pierre have had to work in the previous 12 months in order for him to take time off to care for his wife and new child?

To be eligible for unemployment insurance benefits,an individual must meet which of the following requirements?

To receive OASDI disability benefits,Sung Lee's disability would have to be expected to last at least how long?

Jose invested $2,000 in pre-tax income into this healthcare plan but lost the $780 unspent balance remaining at the end of the year.What type of plan was it?

Strategic Compensation: a Component of Human Resource Systems

Contextual Influences on Compensation Practice

Traditional Bases for Pay: Seniority and Merit

Incentive Pay

Person-focused Pay

Building Internally Consistent Compensation Systems

Building Market-competitive Compensation Systems

Building Pay Structures That Recognize Individual Contributions

Discretionary Benefits

Compensating Executives

Compensating the Flexible Work Force: Contingent Employees and Flexible Work Schedules

Compensation Expatriates

Pay and Benefits Outside the United States

Challenges Facing Compensation Professionals

Filters