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workers compensation is funded by employers in one of the following three ways - directly to workers or as premium to insurance companies or to a state-run insurance program
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Question 32 Workers' compensation benefits is a form of insurance. Who provides the funds for the benefits? emp...
Benefits Required by Law Several forces have made benefits a signficant part of employee compensation packages....
Benefits Required by Law Several forces have made benefits a signficant part of employee compensation packages. For example, both federal and state laws require employers to pay certain benefits to employees, such as contributions to Social Security and unemployment insurance. change Concept Review paragraph to read as follows: State and federal laws require that employers offer specific benefits to their employees, and the costs of these benefits are high. Out of every dollar spent on compensation by U.S. companies, more...
Which of the following is true of workers' compensation? a. It is aimed at helping people...
Which of the following is true of workers' compensation? a. It is aimed at helping people who have chronic problems with alcohol or drugs. b. The exact premium paid for workers' compensation insurance is a function of each employee's salary. c. Employers pay the cost of workers' compensation insurance d. It is provided to people who are between jobs is intended to provide a basic subsistence payment to employees who are between jobs-that is, for people who have stopped working...
19) All of the following are true of state Medicaid programs except: (5pts) O Federal funds...
19) All of the following are true of state Medicaid programs except: (5pts) O Federal funds allocated to each state are based on the average income per person for that state. The program must cover infants born to Medicaid-eligible pregnant women. States may offer a managed care option Services offered to beneficiaries are the same in each state. O 20) In states without a mandated fund for workers' compensation which of the following is an option for employers? Spts) Use...
Someone post from a discussion question... (Respond to it) Medicare is a federal program that provides...
Someone post from a discussion question... (Respond to it) Medicare is a federal program that provides health coverage if you are 65+ or under 65 and have a disability, no matter your income. Medicaid is a state and federal program that provides health coverage if you have a very low income. Medicaid offers care to the poorest families while CHIP extends coverage to a larger number of children. Care through the Medicaid program may be more extensive, but the CHIP...
1. What are the three major payer categories? A. Personal health B. Employee health C. Family...
1. What are the three major payer categories? A. Personal health B. Employee health C. Family health D. Workers compensation E. National health F. Group health 2. Which of the following pays the highest rates for healthcare services? A. Commercial health insurance B. Medicaid C. Self pay patients D. Medicare E. Guarantors of patients 3. Match the financial classes in the first column to their definitions in the second column. _Commercial insurance A. Countrywide health program for certain people and...
D Question 10 Which of the following provides payments for an employee who loses his or...
D Question 10 Which of the following provides payments for an employee who loses his or her job? O severance pay O workers' compensation O health insurance O supplemental pay O sick leave 4 Previous
1.67 pts Question 54 In the loanable funds market, the adjusts to balance the quantity of...
1.67 pts Question 54 In the loanable funds market, the adjusts to balance the quantity of funds demanded and the quantity of funds supplied ination rate exchange rate Obererte unemployment rate Next • Previous Not saved Submit Que e wix) 30 14 1 GDG 80 $ 0 & 7 % 5 4 2 3 0 Р Y U T R W E к L G Н. F D s Question 55 In the loanable funds market the demand for funds...
Selecting Employee Benefits In today's workplace, employees must manage the demands of their work roles and...
Selecting Employee Benefits In today's workplace, employees must manage the demands of their work roles and their family roles. Because of this realization, many employers have added "family-friendly" benefits such as family leave, childcare, elder care, and college savings plans to their employee benefits programs. Although these benefits most directly affect employees with family responsibilities, family-friendly benefits often have spillover effects in the form of loyalty because employees see the benefits as evidence that the organization cares about its people...
Suppose a large employer contrads with an insurer to provide health insurance coverage or workers compensation...
Suppose a large employer contrads with an insurer to provide health insurance coverage or workers compensation coverage for its employees. The employer (the insured) really setf-insures, and the insurer is a third party administrator. Any benefits paid by the insurer to the employees is reimbursed by the employer Theemployer may buy excess coverage, such as coveragefor annual health benefits exceoding $10 milion The insurer and the employer can negotiate the premium for the policy at very low transaction costs. Wo...
Bridgeport Corporation offers enriched parental benefits to its staff. While the government provides compensation based on...
Bridgeport Corporation offers enriched parental benefits to its
staff. While the government provides compensation based on
Employment Insurance legislation for a period of 12 months,
Bridgeport increases the amounts received and extends the period of
compensation. The benefit program tops up the amount received to
100% of the employee’s salary for the first 12 months, and pays the
employee 70% of his or her full salary for another 6 months after
the EI payments have stopped.
Zeinab Jolan, who earns...
Which of the following is true of workers' compensation? a. It is aimed at helping people who have chronic problems with alcohol or drugs. b. The exact premium paid for workers' compensation insurance is a function of each employee's salary. c. Employers pay the cost of workers' compensation insurance d. It is provided to people who are between jobs is intended to provide a basic subsistence payment to employees who are between jobs-that is, for people who have stopped working...
19) All of the following are true of state Medicaid programs except: (5pts) O Federal funds allocated to each state are based on the average income per person for that state. The program must cover infants born to Medicaid-eligible pregnant women. States may offer a managed care option Services offered to beneficiaries are the same in each state. O 20) In states without a mandated fund for workers' compensation which of the following is an option for employers? Spts) Use...
1. What are the three major payer categories? A. Personal health B. Employee health C. Family health D. Workers compensation E. National health F. Group health 2. Which of the following pays the highest rates for healthcare services? A. Commercial health insurance B. Medicaid C. Self pay patients D. Medicare E. Guarantors of patients 3. Match the financial classes in the first column to their definitions in the second column. _Commercial insurance A. Countrywide health program for certain people and...
D Question 10 Which of the following provides payments for an employee who loses his or her job? O severance pay O workers' compensation O health insurance O supplemental pay O sick leave 4 Previous
1.67 pts Question 54 In the loanable funds market, the adjusts to balance the quantity of funds demanded and the quantity of funds supplied ination rate exchange rate Obererte unemployment rate Next • Previous Not saved Submit Que e wix) 30 14 1 GDG 80 $ 0 & 7 % 5 4 2 3 0 Р Y U T R W E к L G Н. F D s Question 55 In the loanable funds market the demand for funds...
Suppose a large employer contrads with an insurer to provide health insurance coverage or workers compensation coverage for its employees. The employer (the insured) really setf-insures, and the insurer is a third party administrator. Any benefits paid by the insurer to the employees is reimbursed by the employer Theemployer may buy excess coverage, such as coveragefor annual health benefits exceoding $10 milion The insurer and the employer can negotiate the premium for the policy at very low transaction costs. Wo...
Bridgeport Corporation offers enriched parental benefits to its
staff. While the government provides compensation based on
Employment Insurance legislation for a period of 12 months,
Bridgeport increases the amounts received and extends the period of
compensation. The benefit program tops up the amount received to
100% of the employee’s salary for the first 12 months, and pays the
employee 70% of his or her full salary for another 6 months after
the EI payments have stopped.
Zeinab Jolan, who earns...
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