Write 1 or 2 Paragraphs.
1. Explain the characteristics that distinguish an HMO plan from a traditional medical expense plan.
2. For each of the following laws, state which employers must comply with the law and which employees the law is designed to protect:
a. Age Discrimination in Employment Act
b. Pregnancy Discrimination Act
c. Americans with Disabilities Act
d. Financial Services Modernization Act
3. You're benefit planner for a company that would like to offer added services to the employee benefit package. The following 3 individuals are employed at your company. Mary, a 28 year old single mom with 1 child, has worked for the company for 6 years. Tamara, a 45 year old married with no children, has worked for the company for 20 years. Juan, a 57 year old widower with 3 children( ages 12, 18, 22) has worked for the company 30 years. For each of the employees, decide which services would be most beneficial and explain why.
**The rest can be 1-4 sentences
1. Mary began working for Keyboards R Us as a full time employee 1 month ago. When she went to work today, she stopped by the benefit office to ask if she was eligible for the company's group insurance plan. As her benefit specialist, what would your answer be?
2. List 4 reasons employers may grant employees time off with pay. Which of the reasons you've listed would be most likely to apply to a college professor or a biochemist who works for a pharmaceutical company? Why?
3. An employee is age 52 and plans to retire at 62. He's committed to making monthly contributions so that his retirement plan will support him when he isn't actively at work. Would this employee be more interested in a pension plan or a profit-sharing plan? Why?
4. Why is it important for an employer to have specific written objectives before designing a benefit plan?
5. The following companies want quotes for group insurance. Based on this information only, rate this list from the highest insurance quote to the lowest and briefly explain why you rated them in this way: coal mining company in Pennsylvania, appliance repair company in Florida trucking company in Virginia, and telemarketing company in North Carolina.
6. Explain the two general types of major medical coverage.
7. Why might employers want to use cafeteria plans?
8. List the following as either qualifying or non-qualifying for COBRA and explain why the do or don't qualify: a. the 22 year old son of an employee who attends college full time b. an employee who has her hours increased from 15 hours per week to 35 per week c. the widow of an employee who has her own insurance through her employer d. the church secretary who has been laid off
9. What are the advantages for an employer to offer employer stock to its employees?
10. As a benefit specialist, you're designing a new plan. there are many benefits that you may consider reducing or removing to save on employer costs. What programs do you not consider reducing or removing, and why?