Spouse and Family Income
(a) Workers' Compensation
(b) Major medical Protection
(c) Unemployment insurance
(d) Pension plans
(e) Accidental Death & Dismemberment
Question 2Loss-of-Income Continuation
(a) Workers' Compensation
(b) Major medical Protection
(c) Unemployment insurance
(d) Pension plans
(e) Accidental Death & Dismemberment
Question 3Section 125 plans have all but which one of the following features?
(a) employees can convert a portion of taxable wages into nontaxable dollars to pay for specific benefits
(b) employees can receive any dollars not spent at end of year and pay tax on these dollars
(c) nontax dollars can be spent to pay for health-care insurance premiums
(d) elections must be made before beginning of plan year
Question 4The cafeteria type of benefit plan is so named because it
(a) originated in the restaurant industry
(b) is used primarily for blue-collar workers
(c) provides participants with alternative choices
(d) requires participants to contribute to the cost
Question 5A core flexible compensation plan consists of
(a) modules or packages of benefits
(b) fixed dollars of credit to buy any of a wide variety of benefits with available credits
(c) a salary reduction plan to allow employees to use pre-tax dollars to pay their share of the cost of benefits
(d) a certain number of dollars credit to purchase benefits in addition to provided core benefits
Question 6Which of the following is NOT an advantage of a cafeteria style benefit plan?
(a) reduced administrative costs
(b) turnover should theoretically be reduced
(c) employees get only the benefits that are important to them
(d) employees are most likely to have a clear idea of the cost of benefits
Question 7HMOs are important in national health planning because they use
(a) child care techniques
(b) advanced medical techniques
(c) outpatient psychiatric care
(d) preventive medicine techniques
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