HR Study Guide CH13

An indirect reward given to an employee or group of employees for organizational membership.

Program that allows employees to select the benefits they prefer from groups of benefits established by the employer.

Situation in which only higher-risk employees select and use certain benefits.

Security benefit voluntarily offerred by employers to individuals whose jobs are eliminated or who leave by mutual agreement with their employers.

Strategy of requiring employees to pay a portion of the cost of insurance premiums, medical care, and prescription drugs.

Approaches that monitor and reduce medical costs through restrictions and market system alternatives.

A health care provider that contracts with an employer or an employer group to supply health care services to employees at a competitive rate.

Plan that provides services for a fixed period on a prepaid basis.

Audit of services and costs billed by health care providers.

Health plan that provides employer financial contributions to employees to help cover their health-related expenses.

High-deductible health plans with federal tax advantages.

Health plan in which the employer sets aside money in a health reimbursement account to help employees pay for qualified medical expenses.

Benefits plans that allow employees to contribute pretax dollars to fund certain additional benefits.

Retirement program established and funded by the employer and employees.

Retirement program in which employees are promised a pension amount based on age and service.

Retirement program in which the employer makes an annual payment to an employee's pension account.

Retirement program in which benefits are based on an accumulation of annual company contributions plus interest credited each year.

Pension plan in which the money for pension benefits is paid by both employees and the employer.

Pension plan in which all the funds for pension benefits are provided by the employer.

Right of employees to receive certain benefits from their pension plans.

A pension plan feature that allows employees to move their pension benefits from one employer to another.

Agreement in which a percentage of an employee's pay is withheld and invested in a tax-deferred account.

Plan in which the employer provides matching funds equal to the amount invested by the employee for the purchase of stock in the company.

Health condition requiring in-patient, hospital, hospice, or residential medical care or continuing physician care.

Extra pay for not taking sick leave.

Plan that combines all sick leave, vacation time, and holidays into a total number of hours or days that employees can take off with pay.