Chapter 13 of MGT of Compensation latest exams 2024.

____-____ ____ offers a proportion of one's salary (about 60% on average) for temporary disability due to sickness or injury. - correct answers short-term disability A ____ ____ ____ directs an employer to provide a particular amount of retirement pension, which is represented as either a fixed dollar or a percentage-of-earnings amount that increases with the seniority of the employee in the organization. - correct answers defined benefit plan A ____-____-____ plan merges the benefits of Health Maintenance Organizations and Preferred Provider Organizations and allows individuals to select which plan to avail treatment from at the time that services are required. - correct answers point-of-service A(n) ____ ____ ____ (ESOP) plan is a defined contribution plan in which a company makes a tax-deductible contribution of stock shares or cash to a trust. - correct answers employee stock ownership (plan) According to the 1993 Family and Medical Leave Act, all eligible employees are entitled to _____ of unpaid leave for stated family or medical reasons. - correct answers 12 weeks per year Affordable Care Act (national health insurance plans) - correct answers This insurance plan targets the uninsured. As part of a health promotion initiative, StatexPro, a business analytics company, provides a special annual travel allowance up to $500 to employees who cycle to work on a daily basis. StatexPro's initiative is an example of a cost control strategy for health care that _____. - correct answers links incentives to healthy behavior Before 1930, who was responsible for health care coverage in the United States? - correct answers The family Benefits that are willingly provided by employers to an employee's unmarried partner are known as ____ ____ ____ - correct answers domestic partner benefits Coinsurance rates (meanings of cost control strategies for health care) - correct answers This refers to premium payments being shared by the company and employee. Coordination of benefits (meanings of cost control strategies for health care) - correct answers This ensures no double payment when coverage exists under the employee's plan and a spouse's plan. Employers pay insurance premiums to the _____ in order to protect employees from the potential risks of an organization going bankrupt or failing to meet its vested pension commitments. - correct answers Pension Benefit Guaranty Corporation For workers to be covered by unemployment insurance, they must satisfy the state requirements for wages earned or time worked during a specific time period referred to as ____ ____ - correct answers base period