Comp and Benefits

Name the Health Plan

100

Plan where employees have maximum control over choosing their provider. Health care providers charge a fee for the services they render. These charges are paid by the employee or employee's benefit plan. A) HMO B) Fee for Service C) PPO

Fee for Service

200

Provides health care services emphasizing preventative medicine. Fixed costs regardless of frequency, extent or type of service provided. A) PPO B) HMO C) PPACA

Health Maintenance Organization (HMO)

300

This plan has a variety of arrangements between employers, insurers and providers. Providers offer reduced rates for service in return for larger pool of patients and faster claims processing. Employees are provided a list of approved providers in their area. They do not have to choose from the list, but those on the list have special incentives such as lower deductible A) Health Maintenance Organization (HMO) B) Preferred Provider Organization (PPO) C) Employee Choice Plan

B) Preferred Provider Organization (PPO)

400

Also known as alliances, this health care plan contracts with health care providers to purchase services at a discounted rate A) Health Purchasing Cooperative B) Provider Alliance C) Discounted Health Plan

A) Health Purchasing Cooperative (HPC)

500

This plan has a gatekeeper who monitors services rendered. The gatekeeper is typically a primary care physician selected by employee on participating provider list. That physician supervises all health care needs and makes referrals to specialists as needed.

What is Point of Service Plan (POS)

Consumer Directed Healthcare

100

Another name for flexible benefits plan, which provides optional coverage and supplements to standard plan. Employees get to choose type of benefits they would like, for example: different levels of life insurance, separate dental choices A) employee choice plan B) tier plan C) cafeteria plan

C) cafeteria plan

200

Funded through voluntary salary deductions, allowing employees to set aside money each pay period for health and dependent care with pre-tax dollars A) Flexible Spending Arrangement (FSA) B) Flexible Spending Benefit C) Employee Savings Account

A) Flexible Spending Arrangement (FSA)

300

Created by Congress in 2003, this allows employees to contribute pretax dollars to an account from which they can pay for health care costs. Companies can match all or part of the employee contribution. A) Health Care Reimbursement B) Health Savings Account C) Employee Savings Account

A) Health Savings Account (HSA)

400

Employees have three options with this plan that vary in cost and coverage. A) Triple Option Plan B) Employee Choice Plan C) Tiered Health Care Plan

C) Tiered Health Care Plan

500

This must be funded solely by the employer and may be offered with other health plans, including FSA. Section 105 of Internal Revenue Code allows employers to reimburse employees tax free for medical expenses

What is Health Reimbursement Arrangements (HRA)

Money and Motivation Theories

100

David McLelland's Learned Needs Theory examined the needs for achievement, affiliation and power. McClelland found that this need was the most important for economic activity and entrepreneurial success. A) power B) affiliation C) achievement

C) achievement

200

This theory is useful in predicting whether employees believe their pay is fair or unfair. The individuals compare their inputs and rewards and the inputs and rewards of others. A) Expectancy Theory B) Relative Theory C) Equity Theory

C) Equity Theory

300

This theory suggests that money can be a powerful motivator if the proper relationships between effort, performance and rewards are perceived. It is the most useful theory for predicting the effects of incentive pay on performance A) Equity Theory B) Expectancy Theory C) Comp Theory

B) Expectancy Theory

400

In Frederick Herzberg's motivator-hygiene theory, he proposed that the motivator variables contributing to satisfaction and productivity are completely separate from the hygiene factors that determine levels of dissatisfaction. Motivators refer to the ______ of the job, such as recognition, achievement and responsibility, and hygienes refer to factors that are related to the _____ of the job, such as salary and company policies. A) characteristics and perks B) content and context C) positive reinforcers and total rewards

B) content and context

500

The motivation theory that examines the effects of extrinsic rewards such as money and recognition on intrinsic satisfaction.

What is Self-Determination Theory

FLSA

100

These types of employees are covered by the minimum wage and overtime pay provisions of the FLSA. These are typically blue collar workers, maintenance workers, laborers and semi skilled workers. A) exempt employees B) non-exempt employees C) laborers

B) non-exempt employee

200

These five types categories of employees are exempt from both minimum wage and overtime pay A) executive, administrative, professional, computer, outside sales B) executive, administrative, professional, computer, inside sales C) executive, administrative, professional, managers/supervisors, computer

A) What are executive, administrative, professional, computer, and outside sales

300

Comp time is not allowed in this sector A) public sector B) private sector C) union sector

A) private sector

400

Deductions made from wages for items such as cash or merchandise shortages, employer-required uniforms or tools of the trade are not legal if this happens. A) they are terminated for cause B) it reduces the wages below minimum level C) there is a layoff

B) it reduces the wages of the employee below the minimum wage level

500

The child labor protections of the FLSA were strengthened by this Act by providing penalties up to $50,000 for the death or serious injury of any employee under the age of 18. A) GINA B) OSHA C) FMLA

A) GINA (Genetic Nondiscrimination Act)

Could be Anything

100

Jobs that fall outside the pay range and are either overpaid or underpaid A) red circle rate B) green circle rate C) yellow circle rate

A) red circle rate (sometimes underpaid jobs are called green or blue circle rates)

200

A useful number for analyzing how people are paid within each pay range A) pay ratio B) equity ratio C) compa-ratio

C) compa-ratio

300

This simplest method of developing a wage structure, is by having the job evaluation committee rank the jobs from highest to lowest. A) ranking method B) point method C) compa method

A) ranking method

400

Company wide incentive program similar to profit sharing, but the bonuses are based on improved productivity rather than a percent of the profit A) broadbanding B) pension C) gainsharing

C) gainsharing

500

The HITECH Act significantly revised and increased penalties for violations for not being HIPAA compliant. The maximum penalties were increased from $100 to this amount. Individuals who are harmed by these violations are able to share in the monetary penalties collected. A) 20,000 B) 100,000 C) 50,000

C) $50,000 with a $1.5 million cap.