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Exam 6: Employer-Sponsored Disability Insurance,life Insurance,and Workers Compensation Programs

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Question 1

Multiple Choice

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This is a mental or physical disability for which medical advice,diagnosis,care or treatment was received,during a designated period preceding the beginning of disability insurance coverage. (Short-Term Disability Insurance Programs)

A) Preeligibility condition
B) Exclusive condition
C) Eliminating condition
D) Preexisting condition

E) A) and C)
F) C) and D)

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Question 2

Multiple Choice

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In 2011,on average,employers spent how much annually per employee to provide life insurance coverage? (Coverage and Costs of Life Insurance)

A) $80
B) $100
C) $120
D) $140

E) C) and D)
F) B) and D)

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Question 3

True/False

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Workers' compensation laws do not apply to small businesses with fewer than a stipulated number of employees (Coverage of Workers' Compensation Programs)

Companies may NOT refuse an employee's request for FMLA leave to cover absences for work-related illness or injury. (Relationship between Workers' Compensation and Benefits Laws)

If an employee suffers a disability that limits the kind of work an individual can perform on a enduring basis,she would qualify for what type of disability income under workers' compensation? (Disability Income)

Most group life insurance is offered on a contributory basis mainly because the employer enjoys substantially higher tax benefits than they do with noncontributory plans. (Group Term Life Insurance)

Under a universal life insurance plan,policy holders can shift money between the insurance and savings components of the policy. (Universal Life Insurance)

ERISA regulates all but which of the following? (The Employee Retirement Income Security Act of 1974)

In short-term disability insurance plans,the exclusion period spans from the initial date of hire to the date of eligibility for coverage. (Short-Term Disability Insurance Programs)

Employers pay disability benefits from disability insurance policies or regular payroll. (Disability Insurance)

In 2011,on average,employers spent how much annually per employee to provide short-term disability insurance? (Coverage and Costs of Disability Programs)

Short-term disability insurance plans usually consider disability as an inability to perform any and every duty on one's occupation. (Short-Term Disability Insurance Programs)

Pregnancy and child birth are not considered as disabilities. (Short-Term Disability Insurance Programs)

Long-term disability insurance plans become effective following the end of short-term coverage and a 30 day elimination period. (Long-Term Disability Insurance Programs)

Briefly discuss the types of disabilities recognized under workers' compensation laws. (Types and Amounts of Workers' Compensation Benefits)

In 2011,workers' compensation cost only about 10% of all legally required benefits for civilian employees. (Workers' Compensation Claims)

Under partial self-funding of disability insurance,employers pay claims from their assets invested in a trust fund,for a limited period or up to a maximum dollar amount. (Funding Disability Insurance Programs)

After an injury,claims to workers' compensation for rehabilitative services usually have to be submitted in what time frame? (Rehabilitative Services)

Long-term insurance defines disability as an inability to engage in any occupation for which the individual is qualified by reason of training,education or experience. (Long-Term Disability Insurance Programs)

Dual capacity means that a firm may fulfill a role for an employee that is completely different from its role as employer. (Dual Capacity)