Question 1

In 2015,what percentage of full-time and part-time employees received employer-sponsored life insurance? (Coverage and Costs of Life Insurance)

Accepted Answer

In 2015, 72% of full-time employees and 13% of part-time employees received employer-sponsored life insurance.

Question 2

These reduce company-sponsored benefits by subtracting a particular percentage of these disability benefits from workers' compensation and Social Security disability plans.(Relationships between Company-Sponsored Disability Plans and Benefits Laws)

Accepted Answer

Offset provisions reduce company-sponsored benefits by subtracting a certain percentage from workers' compensation and Social Security disability plans.

Question 3

What's it called when an employer intentionally fails to reveal the exposure of a worker to harmful substances? (Employers' Rights under Workers' Compensation Programs)

Accepted Answer

This is known as a violation of an affirmative duty, which means the employer had a duty to disclose such information and failed to do so intentionally. It is a breach of the employer's obligation to provide a safe working environment for their employees.

Question 4

To qualify as a group term life insurance policy,it must insure at least how many full-time employees? (Group Term Life Insurance)

Accepted Answer

A group term life insurance policy typically requires a minimum of 10 full-time employees to qualify. This ensures the policy is applicable to a sufficiently large group to distribute risk.

Question 5

Which of the following laws was NOT mentioned as having a major influence on company-sponsored disability insurance plans? (Relationships between Company-Sponsored Disability Plans and Benefits Laws)

Accepted Answer

The Fair Labor Standards Act does not directly relate to disability insurance plans, but rather sets standards for minimum wage and overtime pay. The other laws listed, such as the Employee Retirement Income Security Act and the Americans with Disabilities Act, have had significant impacts on the development and administration of company-sponsored disability insurance plans.

Question 6

Self-inflicted wounds and drug dependency are generally considered as what in most short-term disability insurance plans? (Short-Term Disability Insurance Programs)

Accepted Answer

Self-inflicted wounds and drug dependency are usually considered to fall under the exclusion provisions of most short-term disability insurance plans, meaning that they are not covered.

Question 7

Briefly discuss the origins of disability insurance and workers' compensation insurance programs in the US.(Origins of Disability Insurance and Workers' Compensation Insurance)

Accepted Answer

The answer of Briefly discuss the origins of disability insurance...

Question 8

Prior to the enactment of workers' compensation laws,injured employees could choose not to pursue compensation,or they could file a lawsuit.List and briefly define the three common-law defenses that employers could mount to earn liability.

Accepted Answer

The answer of Prior to the enactment of workers' compensation...

Question 9

In 2015,on average,employers spent how much annually per employee to provide life insurance coverage? (Coverage and Costs of Life Insurance)

Accepted Answer

In 2015, on average, employers spent $83 annually per employee to provide life insurance coverage.

Question 10

US companies offered life insurance to what percentage full time employees in 2015? (Coverage and Costs of Life Insurance)

Accepted Answer

According to a study by the Society for Human Resource Management, 72% of full-time employees in the US were offered life insurance by their employers in 2015.

Question 11

In short-term disability insurance plans,this term refers to the minimum amount of time an employee must wait after becoming disabled before disability insurance payments begin.(Short-Term Disability Insurance Programs)

Accepted Answer

The elimination period in short-term disability insurance plans refers to the minimum amount of time an employee must wait after becoming disabled before disability insurance payments begin. During this time, the employee must use any sick leave or paid time off they have accumulated. Once the elimination period is over, the insurance payments will begin.

Question 12

After an injury,claims to workers' compensation for rehabilitative services usually have to be submitted in what time frame? (Types and Amounts of Workers' Compensation Benefits)

Accepted Answer

The answer of After an injury,claims to workers' compensation for...

Question 13

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)

Accepted Answer

This is known as a preexisting condition, which refers to a medical condition that existed before the start of an insurance policy. It may affect coverage or eligibility for certain benefits.

Question 14

When paying permanent partial disability benefits,for unscheduled injuries,this approach bases the amount on the physical or mental loss associated with the injury to a bodily function.(Types and Amounts of Workers' Compensation Benefits)

Accepted Answer

The approach described in the question refers to impairments, which are used to determine the amount of permanent partial disability benefits for unscheduled injuries. Dismemberment is a specific type of injury and would not apply to all unscheduled injuries. Loss of wage-earning capacity and wage-loss are used to determine the amount of benefits for total disability or temporary partial disability, respectively.

Question 15

Most long-term disability insurance plans pay how much after a waiting period of how long? (Long-Term Disability Insurance Programs)

Accepted Answer

The answer of Most long-term disability insurance plans pay how...

Question 16

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

Accepted Answer

Permanent partial disability benefits are provided to workers who have suffered a permanent impairment or loss of function as a result of a work-related injury or illness. These benefits are meant to compensate the worker for the loss of earning capacity resulting from the disability. The amount and duration of the benefits vary based on the severity and extent of the disability.

Question 17

This amendment contains the equal benefit or equal cost principle and bans termination of an employee's long-term disability benefits for active employees based on age.(Relationships between Company-Sponsored Disability Plans and Benefits Laws)

Accepted Answer

The Equal Benefit or Equal Cost Principle and protection against age discrimination in long-term disability benefits for active employees are both provisions of the Older Workers Benefit Protection Act.

Question 18

Scheduled and unscheduled injuries are categories used to determine benefits for which type of disability income? (Types and Amounts of Workers' Compensation Benefits)

Accepted Answer

Permanent partial disability benefits are often determined based on whether the injury is considered scheduled or unscheduled. Scheduled injuries are those listed in a schedule that specifies the benefits for loss of certain body parts, while unscheduled injuries involve parts of the body or types of impairments not listed in the schedule.

Question 19

Most short-term disability insurance plans pay employees around how much of their regular pay? (Short-Term Disability Insurance Programs)

Accepted Answer

Most short-term disability insurance plans offer benefits that pay approximately 50% to 67% of an employee's regular pay.

Question 20

In 2015,on average,employers spent how much annually per employee to provide short-term disability insurance? (Coverage and Costs of Disability Programs)

Accepted Answer

According to the article, employers spent an average of $125 per employee annually to provide short-term disability insurance in 2015.

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