Epic Exam 2 Guide Questions And
Answers
Worker's compensation plans provide complete medical care for
work-connected injuries with no waiting period. -
correct answer ✅True
The cost of state Worker's Compensation plans are placed
completely on employers. -
correct answer ✅True
The cost of state Worker's compensation plans is experience rated
and vary according to the risks of the various occupations of the
employees, the actual experience of the employer and, to some
extent, by the size of the firm's work force. -
correct answer ✅True
Most salary continuation plans require an employee to satisfy a
short (1-3 month) probationary period before becoming eligible for
benefits. -
correct answer ✅Ture
Most salary continuation plans are designed to provide benefits
equal to no more than 50 percent of an employee's regular pay. -
correct answer ✅False
,Epic Exam 2 Guide Questions And
Answers
A person is more likely to be disabled for at least 90 days before age
65 than to die. -
correct answer ✅True
The primary reason for coordinating group disability income
benefits with other sources of disability income benefits is that the
lack of coordination can lead to such a generous level of benefits
that absences from work because of disability might either be
falsified or unnecessarily prolonged. -
correct answer ✅True
Salary continuation plans usually replace 100 percent of salary at
least in the short term. -
correct answer ✅True
A majority of long-term disability plans use a dual definition of
disability that is more liberal at first and becomes more restrictive
after 24 to 36 months. -
correct answer ✅True
,Epic Exam 2 Guide Questions And
Answers
Short-term disability income contracts most often provide coverage
for partial disabilities. -
correct answer ✅False
In most short-term disability contracts, there is no waiting period
for disabilities resulting from accidents. -
correct answer ✅True
Short-term plans most often have a benefit reduction for older
employees. -
correct answer ✅False
Short-term disability plans are often integrated with other disability
income benefits. -
correct answer ✅False
Employer contributions to disability income plans are fully
deductible as an ordinary and necessary business expense as long
as the overall compensation of the employee is reasonable. -
correct answer ✅True
, Epic Exam 2 Guide Questions And
Answers
Employer contributions for disability income insurance do not
result in taxable income to an employee. -
correct answer ✅True
Employers are less likely to provide disability coverage than either
life insurance or medical expense benefits. -
correct answer ✅True
Premiums for salary continuation plans (sick leave) are usually paid
by the employer. -
correct answer ✅False
Usually, sick leave plans are uninsured by definition. -
correct answer ✅True
In primary integration, the LTD (long-term disability) benefit is
reduced only by the amount the disabled worker receives from
Social Security, not by the amount their family receives. -
correct answer ✅True
Which of the following statements concerning salary continuation
plans is (are) correct?
Answers
Worker's compensation plans provide complete medical care for
work-connected injuries with no waiting period. -
correct answer ✅True
The cost of state Worker's Compensation plans are placed
completely on employers. -
correct answer ✅True
The cost of state Worker's compensation plans is experience rated
and vary according to the risks of the various occupations of the
employees, the actual experience of the employer and, to some
extent, by the size of the firm's work force. -
correct answer ✅True
Most salary continuation plans require an employee to satisfy a
short (1-3 month) probationary period before becoming eligible for
benefits. -
correct answer ✅Ture
Most salary continuation plans are designed to provide benefits
equal to no more than 50 percent of an employee's regular pay. -
correct answer ✅False
,Epic Exam 2 Guide Questions And
Answers
A person is more likely to be disabled for at least 90 days before age
65 than to die. -
correct answer ✅True
The primary reason for coordinating group disability income
benefits with other sources of disability income benefits is that the
lack of coordination can lead to such a generous level of benefits
that absences from work because of disability might either be
falsified or unnecessarily prolonged. -
correct answer ✅True
Salary continuation plans usually replace 100 percent of salary at
least in the short term. -
correct answer ✅True
A majority of long-term disability plans use a dual definition of
disability that is more liberal at first and becomes more restrictive
after 24 to 36 months. -
correct answer ✅True
,Epic Exam 2 Guide Questions And
Answers
Short-term disability income contracts most often provide coverage
for partial disabilities. -
correct answer ✅False
In most short-term disability contracts, there is no waiting period
for disabilities resulting from accidents. -
correct answer ✅True
Short-term plans most often have a benefit reduction for older
employees. -
correct answer ✅False
Short-term disability plans are often integrated with other disability
income benefits. -
correct answer ✅False
Employer contributions to disability income plans are fully
deductible as an ordinary and necessary business expense as long
as the overall compensation of the employee is reasonable. -
correct answer ✅True
, Epic Exam 2 Guide Questions And
Answers
Employer contributions for disability income insurance do not
result in taxable income to an employee. -
correct answer ✅True
Employers are less likely to provide disability coverage than either
life insurance or medical expense benefits. -
correct answer ✅True
Premiums for salary continuation plans (sick leave) are usually paid
by the employer. -
correct answer ✅False
Usually, sick leave plans are uninsured by definition. -
correct answer ✅True
In primary integration, the LTD (long-term disability) benefit is
reduced only by the amount the disabled worker receives from
Social Security, not by the amount their family receives. -
correct answer ✅True
Which of the following statements concerning salary continuation
plans is (are) correct?
