HRM 200 CHAPTER 13 EXAM QUESTIONS AND ANSWERS ALL CORRECT
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Module
HRM 200
Institution
HRM 200
HRM 200 CHAPTER 13 EXAM QUESTIONS AND ANSWERS ALL CORRECT
The benefits that form the cornerstone of almost all benefits programs are: A) life insurance and long-term disability.
B) long-term disability and pension plan.
C) life insurance, long-term disability, and supplementary health care/me...
HRM 200 CHAPTER 13 EXAM QUESTIONS
AND ANSWERS ALL CORRECT
The benefits that form the cornerstone of almost all benefits programs are: A) life
insurance and long-term disability.
B) long-term disability and pension plan.
C) life insurance, long-term disability, and supplementary health care/medical
insurance.
D) life insurance and supplementary health care/medical insurance.
E) life insurance and pension plan. - Answer-C) life insurance, long-term disability, and
supplementary health care/medical insurance.
Employers provide supplementary health care/medical insurance to provide protection
for employees against the following costs EXCEPT:
A) physician's fees.
B) private duty nursing. C) physiotherapy.
D) medical supplies.
E) prescription drugs. - Answer-A) physician's fees.
Common health-related insurance plans other than supplementary health care/medical
insurance include the following:
A) chronic illness benefits; vision care; dental care.
B) group legal insurance.
C) vision care; physiotherapy.
D) vision care; hearing aids; dental care.
E) vision care; psychological counseling; dental insurance. - Answer-D) vision care;
hearing aids; dental care.
The amount of health/dental expenses an employee must pay before insurance benefits
will be paid is called:
A) workers' compensation.
B) dental coverage.
C) the deductible.
D) coinsurance.
E) life insurance. - Answer-C) the deductible.
The biggest issue facing benefits managers in Canada today is:
A) AIDS coverage.
B) increasing health care benefit costs.
C) workers' compensation costs.
D) pension funding.
, E) retiree benefits. - Answer-B) increasing health care benefit costs.
The main reasons for increasing health care benefit costs are:
A) increasing workers' compensation claims for occupational illness, and expensive new
drugs.
B) psychiatric disabilities and AIDS.
C) "cost cutting" in provincial health care plans, and the AIDS epidemic.
D) increasing use of expensive new drugs, rising drug utilization, and "cost cutting"
reductions in
provincial health care plans.
E) rising drug utilization and expensive new drugs. - Answer-D) increasing use of
expensive new drugs, rising drug utilization, and "cost cutting" reductions in
provincial health care plans.
Canadian employers pay about ________% of all health care expenses in Canada,
most of which is for prescription drugs.
A) 25
B) 30
C) 50
D) 36
E) 40 - Answer-B) 30
A "golden parachute" is an executive perk in the form of a salary guarantee in the
following circumstances:
A) death of the executive in a work-related accident.
B) targeting of the company for acquisition or merger. C) divorce from spouse.
D) termination of employment.
E) overseas transfer. - Answer-B) targeting of the company for acquisition or merger.
he percentage of expenses (in excess of the deductible) that are paid for by the
insurance plan is called the: A) uninsured amount.
B) assessment.
C) coinsurance level. D) premium.
E) insured amount. - Answer-C) coinsurance level.
he simplest approach to reducing health benefit costs is to increase the amount of
health care costs paid by:
A) employees.
B) provincial governments.
C) smokers.
D) the federal government.
E) workers' compensation plans. - Answer-A) employees.
Approaches to health care benefit cost reduction include the following EXCEPT:
A) publish a restricted list of drugs that will be paid for under the plan.
B) increasing government subsidies.
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