Exam 19: Employee Benefits: Life and Health Benefits

Match the descriptions with their terms: -If an employee benefit meets the ______________, then the benefit plan will be enjoy the tax advantages associated with that benefit.

The effect of an elimination period most closely resembles

It has been a trend that the more time passes, benefits that used to be expected are later seen as unexpected "fringes" for which to be grateful.

If an employer makes a contribution toward the cost of an employee benefit program, then the program is said to be contributory.

Which of the following is not generally used as a method of health care cost containment?

All of the following methods of handling pre-existing conditions in a health benefits plan are legal except:

Short-term disability plans are plans with a maximum benefit period of

Match the descriptions with their terms: -The _________________, a method of calculating group death benefits, involves multiplying the current annual salary by a specified factor.

Which of the following is not one of the tax advantages associated with employee benefits?

The amount of salary most often covered by long-term disability insurance is

Federal and state regulations leave employers very little room to add cost containment provisions within the employer provided health coverage.

Employers do not commonly offer employee benefits to

Hospice care is generally reserved for those with a terminal illness because a hospice generally specializes in aggressive treatment that would tend to extend the life of the patient.

Match the descriptions with their terms: -_________________ coverage is sometimes used to supplement employers' group term plans and involves a benefit paid only if the death results from an accident.

Which of the following best describes the taxation of benefits paid from a contributory disability plan?

A slight majority of group death benefits are funded with group term insurance.

Employee contributions toward the cost of employee benefits are treated in several different ways for tax purposes.

COBRA is a law dealing with

Benefits from disability plans are usually less than 100 percent of salary.

Another term for a salary continuation plan is