Employee Benefits final(solved)

Employee Benefits final(solved)According to ERISA, these types of programs are established for the purpose of providing assistance for its participants or their beneficiaries, through the purchase of insurance. Welfare plans Employers that use referral EAPs usually do NOT have a contractual relationship with service providers. True Employers receive tax benefits for offering accommodation and enhancement benefits but employees do not get any tax benefits for participation. False This type of EAP establishes contracts with sets of numerous smaller employers. Consortium EAPs Which of the following is not an example of a personal problem covered under EAP programs? Vacation buy back Cobra applies to EAPs if these two conditions are met. The program qualifies as a welfare plan under ERISA and qualifies as a health care plan by providing counseling for a medical condition EAP practices lie outside the purview of ERISA and COBRA. False These programs provide technical and emotional support to employees who are being terminated. Outplacement assistance Stress management programs offered to employees can ultimately lead to increased productivity. True These three objectives were cited as contributing the most to reducing absenteeism and tardiness. (Rationale for Accommodation and Enhancement Benefits) Family assistance programs, support programs for daily living, mental and physical well-being of employees & family members Companies offer accommodation and enhancement benefits to promote effective coping skills and educational benefits for employees. True Which one of the following is not a wellness program? Telecommuting Family assistance programs include day care, elder care and childcare. True Premium-only payment systems refer to payment arrangements between managed care insurers and health care providers. False Pretax contributions do not reduce the amount of annual income subject to income tax. False Modular plans extend a pre-established set of benefits such as medical insurance as a program core. False Money deducted from an employee's pay into an FSA is not subject to: payroll taxes and federal income taxes. ERISA requires that employees receive a summary plan description within how many days of becoming a plan participant? 90 days