Term
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Definition
| An employee who was injured as a result of the conduct of a fellow worker could not recover damages from the employer. |
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Term
| Three Common Law Defenses Employers had before Worker's Comp. |
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Definition
Fellow-Servant Rule
Doctrine of Risk of Assumption
Doctrine of Contributory Negligence |
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Term
| Doctrine of Assumption of Risk |
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Definition
| an employee who knew, or should have known, of unsafe conditions of employment assumed risk by remaining on the job. Further, it was argues that the employee's compensation recognized the risk of the job. Therefore, he or she could not recover damages from the employer when injured because of such conditions. |
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Term
| Doctrine of Contributory Negligence |
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Definition
| an employee was injured through negligence of the employer but was partly at fault. Any contributory negligence, regardless of how slight, relieved the employer of responsibility for the injury. |
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Term
| A worker's compensation policy, the simplest of all the polocies used, has three parts. What are they? |
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Definition
| Worker's Compensation, Employer's Liability, Other States Insurance. |
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Term
| 4 Social Benefits as described in ch. 16 & 18. |
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Definition
Social security
unemployment compensation
medicare
worker's compensation. |
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Term
| The four benefits Social Security pays for. |
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Definition
Old Age (Retirement)
Survivors' Benefits
Disability
Medicare |
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Term
| COLA, how does it apply to social security? |
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Definition
Cost of Living Adjustments
Social security benefits amounts are increased annually by automatic cost of living adjustments linked to increases in the consumer price index (CPI). |
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Term
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Definition
| Current tax revenues pay for current benefits of Social Security recipients. |
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Term
| 10 Employee Healthcare Benefits |
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Definition
HELC DPC MRPG
Health Care
Educational Assistance
Legal Assistance
Child Care
Discounts
Parking
Cafeteria Facilities
Meals
Retirement Benefits
Paid Leave
Group Insurance |
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Term
| Flexible Spending Accounts (FSAs) |
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Definition
| Allow employees to pay for specified benefits (which are defined by law) with before-tax dollars. |
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Term
| What's beneficial about FSAs? |
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Definition
| Tax deferred benefits. Good to use. |
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Term
| 5 Federal Regulations that apply to employee benefits. |
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Definition
ADEA.CRA.AWDA.FMLA.COBRA
Age Discrimination in Employment Act
Civil Rights Act
Americans with Disabilities Act
Family Medical Leave Act
Consilidated Omnibus Budget Reconciliation Act of 1986. |
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Term
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Definition
| The employee's right to benefits for which the employer has made contributions, subject to ERISA, EGTRRA 2001, TRA86, and other federal requierments. |
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Term
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Definition
| Employee benefits which could be yours even with you not continuing your employment. |
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Term
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Definition
| Type of pension plan that assures employees of a certain amount at retirement, leaving all risk to the employer to meet the specified commitment; accumulated funds of all participants are managed in one account. |
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Term
| Defined Contribution Plan |
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Definition
| A qualified pension plan in which the contribution amount is defined but the benefit amount available at retirement varies. |
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Term
| Defined Benefit versus Defined Contribution Plan |
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Definition
| Defined Benefit because there is less risk at the end for the employee. |
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Term
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Definition
| Controls Access to doctors, procedures, and medicines through a variety of plans. |
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Term
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Definition
PPOs, HMOs, HSAs, MSAs, HDHP, HRA
Preferred Provider Org.
Health Maintenance Org.
Health Savings Accounts
Medical Savings Accounts
High Deductible Health Plan
Health Reimbursement Arrangement |
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Term
| Preferred Provider Organizations |
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Definition
Provides broad choice of providers.
Not expensive to organize and they direct employees to low-cost providers.
Help avoid deductibles and coinsurance provisions, and only charge copayments. |
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Term
| Health Maintenance Organizations (HMOs) |
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Definition
Provide a comprehensive range of medical services, emphasizing preventive care; either employs providers directly or sets up contracts with with outside providers to care for subscribers.
Receive an essentially fixed annual income.
Provides a limited choice of providers for subscribers.
Do not have proper incentives to provide high quality care. |
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Term
| Health Savings Accounts (HSAs) |
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Definition
| Designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis. |
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Term
| Medical Savings Accounts (MSAs) |
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Definition
| Allowed limited contributions from employers and employees of small businesses and self-employed persons to help cover out-of-pocket medical expenses. |
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Term
| High Deductible Health Plan (HDHP) |
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Definition
| Any health insurance plan that requiered high deductibles up to the amounts established by the IRS annually. |
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Term
| Health Reimbursement Arrangement (HRA) |
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Definition
| Plan similar to HAS, with the distinction that the employer controls plan contributions. |
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Term
| 3 Factors the life expectancy depends on. |
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Definition
| Nutrition, Sanitation, Life Style, Genetics, Well-Being |
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