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Elements Of Human Resources Pt. 2 > Chapter 11 > Flashcards

Flashcards in Chapter 11 Deck (19)
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1
Q

Flexible Benefits Plans (Cafeteria Plans)

A

Benefit plans that enable individual employees to choose the benefits that are best suited to their particular needs.

2
Q

High-Deductible Health Insurance Plan (HDHP)

A

A medical insurance plan characterized by high deductibles but lower premiums for workers and a health spending account to which employers contribute funds employees can keep should they leave the organization.

3
Q

Health Maintenance Organizations (HMOs)

A

Organizations of physicians and health care professionals that provide a wide range of services to subscribers and dependents on a prepaid basis.

4
Q

Preferred Provider Organization (PPO)

A

A network of physicians who establish an organization that guarantees lower health care costs to employers and their employees.

5
Q

Wellness Programs

A

Employer-sponsored programs designed to encourage employees to maintain and improve their health and well-being by getting regular checkups, eating properly, exercising, and managing their stress levels so as to prevent costly and protracted illnesses.

6
Q

Disease Management Programs

A

Programs that provide patients and their care-givers with information on monitoring and treating medical conditions, while coordinating communication between them, their health care providers, employers, and insurers.

7
Q

Employee Assistance Programs (EAPs)

A

Services provided by employers to help workers cope with a wide variety of problems that interfere with the way they perform their jobs.

8
Q

Workers’ Compensation Insurance

A

State-mandated insurance provided to workers to defray the loss of income and cost of treatment due to work related injuries or illness.

9
Q

Backup Care Program

A

A benefit program whereby an employer provides or subsidizes temporary care for its employee’s elders or children when their regular arrangements fall through.

10
Q

Elder Care

A

Care provided to an elderly relative by an employee who remains actively at work.

11
Q

Sabbatical

A

Paid (or unpaid) time away from a job for four or more weeks employees take off to renew themselves before returning to work.

12
Q

Severance Pay

A

A one-time payment sometimes given to an employee who is being involuntarily terminated.

13
Q

Supplemental Unemployment Benefits (SUBs)

A

A plan that enables an employee who is laid off to draw, in addition to state unemployment compensation, weekly benefits from the employer that are paid from a fund created for this purpose.

14
Q

Phased Retirement

A

A program that allows its employees to gradually cut their hours before retiring.

15
Q

Contributory Plan

A

A pension plan in which contributions are made jointly by employees and employers.

16
Q

Noncontributory Plan

A

A pension plan that establishes the basis on which an employer will contribute to the pension fund.

17
Q

Defined Contribution Plan

A

A pension plan that establishes the basis on which an employer will contribute to the pension fund.

18
Q

Defined Benefit Plan

A

A pension plan in which the amount an employee is to receive on retirement is specifically set forth.

19
Q

Vesting

A

A guarantee of accrued pension benefits to participants at retirement age, regardless of their employment status at that time.