482 PARTIV: COMPENSATING -13-1 APPLYING THE CONCEPT Statutory Benefit Laws Place the letter of the relevant statutory benefit law on the line next to the statement below. a. FMLA b. ACA c. COBRA d. HIPAA e. ERISA 2. I like this law because it will allow me to take time off from work to take care of my sick mother. 3. I'm going to quit and look for a new job, so I like this law because I need to continue to have health insurance while I search for a new job. I currently have health insurance and medical problems, but when I change jobs, the new company can't refuse to give me insurance based on any medical problems I have when I join the firm. 5. I'm out of school and almost 25, so I like this law that allows me to continue on my parents' insurance plan 1. I don't trust my company's financial future, so I like this law because it will allow me to move my funds out of my company fund to a new account with the stockbroker of my choice. 13-2 APPLYING THE CONCEPT Chapter 13: Employee Benefits 487 Group Health Insurance Place the letter of each type of health insurance option offered on the line next to the statement describing it. - a. Traditional b. HMO c. PPO d. HSA MSA 7. I have expensive health problems, and my insurance plan requires me to pay 20% of my health care costs, making it very expensive for me. 8. I like my insurance plan because I'm healthy and pay the full cost, but I don't use it all every year and it has accumulated in case I need it someday. 9. I have the same insurance deal that you have (98),but my company only has 25 employees. 10. I do have copays and deductibles, but at least I can go to any doctor or hospital I want too at an extra cost. I don't like the new insurance plan because I can only go to doctors and hospitals that are approved by the plan. I have to stop seeing my doctor and start with a new one that I'm assigned to