Question 1

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

Accepted Answer

Workers' compensation differs from Socia...

Question 2

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 planE) C) and D)
F) A) and B)

Question 3

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 costE) A) and B)
F) A) and C)

Question 4

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 5

Which of the following is covered by Medicare Part A?

Accepted Answer

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

Question 6

________ 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 7

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 8

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 guidelinesE) B) and C)
F) B) and D)

Question 9

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 gearE) B) and D)
F) B) and C)

Question 10

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 yearsE) A) and B)
F) A) and C)

Question 11

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.E) B) and C)
F) A) and D)

Question 12

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)  800E) A) and C)
F) B) and C)

Question 13

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 monthsE) A) and D)
F) B) and C)

Question 14

________ requires employers to offer affordable health insurance to employees.

Accepted Answer

Patient Protection and Affordable Care Act of 2010

Question 15

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)  copaymentsE) B) and D)
F) B) and C)

Question 16

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

Accepted Answer

carriers (...

Question 17

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 18

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 commitmentE) B) and D)
F) B) and C)

Question 19

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 ActE) A) and D)
F) A) and C)

Question 20

________ 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...

Exam 10: Legally Required Benefits

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

Correct Answer
verified
Workers' compensation differs from Socia...
View Answer

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?

Correct Answer
verified

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?

Correct Answer
verified

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

Which of the following is covered by Medicare Part A?

Correct Answer
verified

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

Correct Answer
verified
Primary care

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.

Correct Answer
verified

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

Correct Answer
verified

Which strategy could help contain workers' compensation costs?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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?

Correct Answer
verified

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

Correct Answer
verified

________ requires employers to offer affordable health insurance to employees.

Correct Answer
verified
Patient Protection and Affordable Care Act of 2010

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

Correct Answer
verified

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

Correct Answer
verified
carriers (...
View Answer

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

Correct Answer
verified
Legally required benefits are mandated b...
View Answer

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

Correct Answer
verified

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?

Correct Answer
verified

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

Correct Answer
verified

Exam 10: Legally Required Benefits

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

Correct AnswerverifiedWorkers' compensation differs from Socia...View AnswerShow Answer

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?

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

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

Which of the following is covered by Medicare Part A?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedPrimary care

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.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which strategy could help contain workers' compensation costs?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

________ requires employers to offer affordable health insurance to employees.

Correct AnswerverifiedPatient Protection and Affordable Care Act of 2010

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

Correct AnswerverifiedShow Answer

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

Correct Answerverifiedcarriers (...View AnswerShow Answer

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

Correct AnswerverifiedLegally required benefits are mandated b...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct Answer
verified
Workers' compensation differs from Socia...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Primary care

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Patient Protection and Affordable Care Act of 2010

Correct Answer
verified

Correct Answer
verified
carriers (...
View Answer

Correct Answer
verified
Legally required benefits are mandated b...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified