Human resource Repond to All of the Questions whether they are True/False. 1.All

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Human resource

Repond to All of the Questions whether they are True/False.

1.All employers pay the same workers’ compensation insurance premiums, regardless of the type of industry. (41)

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

3.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.

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

5.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.

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

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

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

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

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

Explanation / Answer

1. False

Different industries have different risk factors depending upon type of activites, location. So businesses operating dangerous activities and in risk-prone areas lead to higher premiums. Also different businesses have different claim ratios, which also affects the premium.

2. False

Only those employers who have 50 or more employees within 75 miles of a location are covered under the FMLA Act and have to provide FMLA leave to its employees.

3. True

Patient Protection and Affordable Care Act (ACA) or better known as Obamacare provides for ACA certified health exchanges where people can purchase health insurance plans that are in compliance with ACA.

4. True

Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides for 18 months of coverage, which is usually a sufficient time for employees to find new employment and new insurance coverage for self and families.

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