Show:
Regulations
Life/AD&D
Healthcare
Acronyms
Profit Sharing / Retirement
100
True or False: Most health plans must cover a set of preventive services like shots and screening tests at no cost to you.
What is true
100
If an employee forgets to update their Life Insurance/AD&D coverage during Open Enrollment, do they have to wait until the following Open Enrollment to make changes? Yes or No
What is no (Employees can update their Life Insurance/AD&D at any time.)
100
True or False: Any unused money in a Flexible Spending Account (FSA) at the end of the calendar year will be returned to the employee.
What is false
100
FMLA
What is the Family and Medical Leave Act
100
This is the Fidelity website address to access profit sharing and retirement plan balances.
What is www.401k.com
200
Beginning in 2014, you will be considered an active, regular, full-time employee if you are regularly scheduled to work at least ____ hours per week or an alternative equivalent.
What is 30
200
True or False: If you are not actively at work on the day your Life Insurance/AD&D coverage is scheduled to begin, coverage will not be effective until you return to work as an active, regular, full-time employee.
What is true
200
The date that this year’s Annual Benefits Enrollment changes go into effect is ______________.
What is January 1, 2014
200
EOI
What is Evidence of Insurability
200
If an employee does not make an investment election, profit sharing contributions will be deposited in the age appropriate default investment fund called ______________________.
What is the Fidelity Freedom Fund
300
A plan that allows deductions on a pre-tax basis is also known as a Section ______________ plan:
What is a Section 125 plan
300
Life and Disability plans will be offered through what vendor beginning in 2014?
What is Unum
300
Which of the following is a COBRA qualifying event? A) Termination of employment B) Reduction in work hours C) Loss of dependent status D) Divorce or death of an employee E) All of the above
What is E – All of the above
300
COBRA
What is the Consolidated Omnibus Budget Reconciliation Act of 1985
300
What age must a participant reach before drawing from their profit sharing account without having to pay a penalty?
What is age 59½ (NOTE: 20% will still be automatically withheld for income taxes.)
400
This federal healthcare bill called the _________________ was passed into law in March 2010.
What is the Patient Protection and Affordable Care Act (PPACA)
400
If elected, dependent children are covered under Supplemental Life Insurance and AD&D until the date they turn age _____.
What is 26
400
The annual Dental deductible is $_____ per individual or $_____ per family.
What is $50 or $150
400
HIPAA
What is the Health Insurance Portability and Accountability Act
400
These terms are used to describe general actions and attitudes of the stock market. If the trend is up, it's called a _______ market. If the trend is down, it's called a _______ market.
What is a bull / bear market (Note: A bull thrusts its horns up into the air while a bear swipes its paws down. These actions are metaphors for the movement of a market.)
500
Name 2 of the 10 categories of essential health benefits (EHBs) required under the Affordable Care Act.
What is (any of the following): *Preventive and wellness services and chronic disease management *Emergency services *Ambulatory patient services *Maternity and newborn care *Hospitalization *Prescription drugs *Laboratory services *Mental health and substance abuse disorder care, including behavioral health treatment *Pediatric care, including oral and vision services *Rehabilitative and habilitative services and devices
500
Who said, “In this world nothing is certain but death and taxes”?
What is Benjamin Franklin
500
True or False: An annual preventive or “wellness” screening is required to continue coverage in the Limited PPO Plan.
What is false
500
WHCRA
What is the Women’s Health and Cancer Rights Act of 1998
500
The way shareholders vote for corporate directors as well as on other matters affecting the company without having to personally attend the meeting.
What is Proxy voting