Ch. 14. Benefits

1. Describe benefits required by law.
2. Understand eligibility for unemployment benefits.
3. Understand Family and Medical Leave Act (FMLA) of 1993.
4. In regards to medical insurance, distinguish between HMO and PPO.
5. Explain flexible spending account and employee wellness program.
6. In regards to retirement plans, understand the differences among defined benefit plan, defined contribution plan, and cash balance plan.
7. Explain these Federal laws: COBRA and ERISA.
8. Explain vesting rights.

Understand cafeteria-style plans

Answer rating: 100% (QA)

Benefits required by law Social Security Provides retirement disability and survivor benefits to eligible workers and their dependents Medicare Provides healthcare coverage for individuals aged 65 and ... View the full answer