Ch. 11 Flashcards
Benefit plans that enable individual employees to choose the benefits that are best suited to their particular needs
Flexible benefits plans (cafeteria plans)
Organizations of physicians and health care professionals that provide a wide range of services to subscribers and dependents on a prepaid basis
Health maintenance organizations (HMOs)
A network of physicians who establish an organization that guarentees lower health care costs to employers and their employees
Preferred provider organization (PPO)
A medical insurance plan characterized by high deductibles but lower premiums for workers and a health spending account to which employers contribute funds employees can keep should they leave the organization
High-deductible health insurance plan (HDHP)
Employers-sponsored programs designed to encourage employees to maintain and improve their health and well-being by getting regular checkups, eating properly, exercising, and managing their stress levels so as to prevent costly and protracted illnesses
Wellness programs
Programs that provide patients and their caregivers with information on monitoring and treating medical conditions, while coordinating communication between them, their health care providers, employers, and insurers
Disease management programs
Services provided by employers to help workers cope with a wide variety of problems that interfere with the way they perform their jobs
Employee assistance programs (EAPs)
State-mandated insurance provided to workers to defray the loss of income and cost of treatment due to work-related injuries or illness
Workers’ compensation insurance
Care provided to an elderly relative by an employee who remains actively at work
Elder care
A benefit program whereby an employer provides or subsidizes temporary care for its employee’s elders or children when their regular arrangements fall through
Backup care program
Paid (or unpaid) time away from a job for four or more weeks employees take off to renew themselves before returning to work
Sabbatical
A one-time payment sometimes given to an employee who is being involuntarily terminated
Severance pay
A plan that enables an employee who is laid off to draw, in addition to state unemployment compensation, weekly benefits from the employer that are paid from a fund created for this purpose
Supplemental unemployment benefits (SUBs)
A program that allows its employees to gradually cut their hours before retiring
Phased retirement
A pension plan in which contributions are made jointly by employees and employers
Contributory plan
