HRM 360 Exam 2 Flashcards
Insurance premiums have risen _______ over the past 20 years while wages have risen _______.
145-150%, 40%
Acupuncture, Massage, and Herbal Medicine are considered _______.
Alternative Healthcare
A general term for a medical plan that seeks to ensure that the treatments a person receives are medically necessary and provided in a cost-effective manner.
Managed care
Having high deductibles, limiting types of benefits, and decreasing administrative benefits is _______.
Cost containment
Wrote the book, “Catastrophic Care” after his father died in the hospital.
David Goldhill
Expanded employees’ rights from 1964. Plaintiff can have a jury trial for discrimination. Compensatory and punitive damages.
Title VII of the Civil Rights Act of 1991
The act requires that men and women be given equal pay for equal work in the same establishment.
Equal Pay Act
Creates significant difficulty that disrupts business, EEOC says significant difficulty or expense. Will depend on the employer’s size. Confer with legal counsel.
Undue hardship
Prohibits discrimination against qualified individuals with disabilities in job application procedures, hiring, firing, advancement, and training.
American Disabilities Act
Travel time associated with overnight stays generally is considered compensable work time when the business travel cuts across the nonexempt employee’s normal work hours, regardless of what day of the week the travel takes place. What act regulates this?
Fair Labor Standards Act
_______ and _______ are important benefits to the diverse group of employees in companies in general.
Benefits, work-life balance
By 2020 an estimated shortage of doctors will be at a staggering number of _______ thousand.
9
Medicare and Social Security were created for retirement, true or false.
False
Name a company with a wellness plan that affects the bottom line.
company that visited class
What is the first step in finding out your employee’s health within a company?
Health risk assessment
Provides individuals and their dependents with an opportunity to continue their coverage under an employer’s group plan for a period of time after that coverage otherwise might have been terminated.
COBRA
Requires employers employing at least 50 employees to provide 12 weeks of unpaid leave in any 12-month period for :
- Birth of a child
- Serious health condition of a spouse, child, or parent
- Serious health condition of the employee
Family Medical Leave Act (FMLA)
_______ drives engagement at work and can be a retention tool.
Perks
A federal law that sets minimum standards for pension plans to regularly provide participants with information about plan features and funding; sets minimum standards for participation, vesting, benefit accrual and funding; requires accountability of plan fiduciaries.
Employee Retirement Income Security Act (ERISA)
The present health care reform law. This legislation creates a number of issues for employers that sponsor group health plans. Extended dependent coverage for adult children up to age 26. Elimination of pre-existing condition exclusions for children. Prohibitions on the recession of health care coverage. Limits on reimbursing over-the-counter medications. Compliance with nondiscrimination rules for fully insured plans.
Patient Protection and Affordable Care Act (PPACA)
A fund is created by the employer, employee, or jointly that is used to pay the first x dollars of health care expenses.
Health Savings Account (HSA)
Mandatory benefits required by the government are:
Social security, FIFA
These organizations cover all services for a fixed fee but exercise control over which doctors and health facilities a member may use.
Health Maintenance Organizations (HMOs)
Gives each employee a set amount of money annually with which to purchase health care coverage which involves a high deductible plan but is combined with an FSA or HRA.
Consumer-driven healthcare
The answer to our healthcare reform is _______.
Transparency & consistency
Consolidates pay grades and ranges. Flattens corporate hierarchies. Emphasizes teamwork.
Broadbanding
3 common types of pay structures: _______, _______, _______.
Exempt & nonexempt, job families, geography
Not subject to overtime provisions. Salaried supervisors, managers, professionals, and executives.
Exempt