Answer All of the Questions whether they are True/False.

1. Social Security benefits are designed to replace 100 percent of an employee’s preretirement income.

2. Buying benefits in bulk is cheaper than buying benefits individually.

3. Workers’ compensation is mandatory in all states.

4. 401(k) plans are often associated with a matching contribution from the employer.

5. Unfortunately, HR has hardly any control over benefits’’ costs.

6. Unions have driven up the costs of a variety of benefits.

8. Employees contribute some of their own earnings to Social Security benefits each pay cycle.

9. Medicare is completely free to the retiree.

10. The Workers’ Compensation program was created to provide workers with short-term relief because of work-related injuries or illnesses.

11. All employers pay the same workers’ compensation insurance premiums, regardless of the type of industry.

13. Every employer in the United States must provide FMLA leave to its employees.

14. Under ACA, employees not covered by a healthcare plan at work are required to go to the state health exchange where they can purchase individual coverage.

15. COBRA coverage for 18 months is usually sufficient time for employees to secure new employment and new insurance coverage for themselves and their families.

16 .ERISA guidelines require the employer to vest the employee 100% after 5 years, 20% from years 3-5, or earlier if the employer so chooses.

17. If a company chooses to provide health care to employees, they have to follow the COBRA, HIPAA, and ERISA rules.

18. Both traditional health care plans and managed health care plans restrict the availability of doctors/providers by defined coverage area.

19. Contributions to 401k and 403b are made on a “pretax basis.”

20. Disability insurance, short-term or long-term, can only provide benefits to employees when they’ve been injured on the job.