Healthcare Options
A tax-free account available for those enrolled in a qualified high deductible health insurance policy.
What is a Health Savings Account (HSA)? page 263
These workers are categorized as professional, administrative, professional or outside sales persons.
What are exempt employees? page 239
This plan provides partial wages to workers whose job have been terminated through no fault of their own.
What is Unemployment Insurance? page 259
The amount of compensation an employees receives on a regular basis.
What is base pay? page 227
This Act often called the "Health Care Reform Bill" created considerable political debate because it reshaped major portions of the healthcare industry in the U.S.
Refers to the objective of helping companies maintain control over costs while also enabling employees to make greater choices about healthcare.
What are Consumer-Driven Health Care plans? page 263
It is currently $7.25 per hour in some states.
What is the Federal minimum wage? page 238
What is Worker's Compensation? page 260
This type of pay compensates employees for developing the flexibility, knowledge and skills to perform a number of jobs effectively.
What is Person-Focused pay? page 235
This Act of 1985 was enacted to provide employees an opportunity to temporarily continue their health coverage.
What is the Consolidated Omnibus Budget Reconciliation Act (COBRA)? page 270
This benefit plan is established by the employer that allows employees to deposit a certain portion of their salary into an account to used for eligible health care and prescription drug expenses.
What is a Flexible Spending Account (FSA)? page 263
This Act of 1936 covers contractors and manufacturers who sell supplies, materials and equipment to the federal government.
What is the Wash-Healy Act of 1936? page 238
This acronym stands for Old-Age, Survivor and Disability Insurance programs.
What is OASDI? page 258
This plan provides a financial reward to employees for savings in labor costs.
What is the Scanlon Plan? page 233
What is the Pension Protection Act? page 271
This plan allows an employer to set aside funds to reimburse medical expenses paid by participants.
What is a Health Reimbursement Account (HRA)? page 263
This Act was enacted to remedy a serious problem of employment discrimination in private industry.
What is the Equal Pay Act of1963? page 239
Employees and employers contribute to this benefit.
What is the Federal Insurance Contribution Act (FICA)? page 259
Pay increases added to an employee's base pay based on their level of performance.
What is Merit Pay? page 229
This Act of 1996 provides protection for Americans who move from one job to another, who are self-employed, or who have pre-existing medical conditions.
What is the Health Insurance Portability and Accountability Act (HIPPA)? page 270
Consumer-Driven Health Care plans are most popular among employers with ______ or more employees.
What is 1,000 or more? page 263
This was the first national law to deal with minimum wages. It mandates a prevailing wage for all federally funded financed or assisted construction projects exceeding $2,000.
What is the Davis-Bacon Act of 1931? page 238
This Program provides an additional 13 or 20 weeks of unemployment compensation to workers.
The pattern of pay and benefits associated with characteristics of industries.
What is Interindustry Wage Differentials? page 237
This law applies to private employers with 50+ employees and all governmental employees. It allows employees up to 12 weeks a year of unpaid, job-protected leave.
What is Family Medical Leave (FMLA)? page 271