Morn.Pension

Question 1

Briefly explain the primary objective of the Canada Health Act (Hint = PPR)

Answer 1

Protect, promote, restore the health of Canadians without financial or other barriers

Question 2

Identify 5 conditions for province to receive unreduced funding under Canada Health Act

(Hint = CUPPA)

Answer 2

1. Comprehensive: Covers all hospitals and medical services
2. Universality: Covers all eligible residents
3. Publicly administered: Administration by non-profit public authority
4. Portable between provinces
5. Accessibility: Uniform terms for all eligible residents

Question 3

Identify 4 methods that provinces use to raise balance not covered by federal transfer payments for medical programs

Answer 3

1. Direct cost-sharing by residents & employers (Ex: ON)
2. Payroll tax (Ex: ON)
3. General revenue (Ex: NB)
4. Tax on group insurance plans (Ex: ON)

Question 4

Identify 2 reasons for the inception of WC insurance

Answer 4

1. COURTS: reduce the burden on courts and congestion in courts
2. VICTIMS: provide immediate assistance to injured worker

Question 5

What is the underlying insurance principle of WC insurance

Answer 5

no-fault insurance

Question 6

How is WC insurance funded

Answer 6

By the employer contributions

Question 7

Explain individual liability in WC insurance regarding:

a) operation
b) funding
c) where used

Answer 7

a) OPERATION: by WC boards
b) FUNDING: each employer is self-funded based on claims history; pay-as-you-go model
c) WHERE USED: public agencies, Government

Question 8

Explain how the EI program is financed.

Answer 8

• Contributions from employers and employees
• Some programs funded with general tax revenues

Question 9

Explain collective liability in WC insurance regarding:

a) operation
b) funding
c) where used

Answer 9

a) OPERATION: by WC boards
b) FUNDING: each industry class (based on activity & risk) is assessed collectively based on claims history
c) WHERE USED: non-public industries

Question 10

Identify the 2 objectives of EI (Employment Insurance)

Answer 10

1. Income replacement (temporary)
2. Re-employment assistance

Question 11

Identify 3 reasons why EI wouldn’t be viable without Govt involvement

Answer 11

1. ADVERSE SELECTION: only those about to lose their jobs would buy it
2. EMPLOYERS WOULDN’T CONTRIBUTE: they get no benefit (government
   must mandate coverage)
3. COMPLEXITY: Govt already has necessary structures in place to facilitate
   operations

Question 12

Briefly describe 4 minimum requirements for an employee benefits plan to qualify for EI premium reduction.

Answer 12

1. Employee benefits GREATER than EI benefits
2. Benefits START in 15 days
3. Benefits DURATION longer than 15 weeks
4. Employee compensation NOT REDUCED even if additional EI benefits are given in same period

Question 13

Briefly describe 3 circumstances under which a potential claimant will not qualify for regular EI benefits.

Answer 13

1. Dismissal with cause
2. Quit
3. Strike

Question 14

Briefly describe EI

Answer 14

Federal insurance pogram:
provides individuals with temporary income replacement..
to eligible workers who lose their jobs through no fault of their own