This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is coinsurance? A) Both parents have employer-sponsored insurance coverage for their ... (Read 43 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jul 7, 2018
What is coinsurance?
 
  A) Both parents have employer-sponsored insurance coverage for their children.
  B) Two insurance companies combine to offer group insurance coverage.
  C) An employee pays all out-of-pocket expenses before the insurance takes effect.
  D) The insured pays a percentage of covered expenses.

Question 2

Briefly discuss the components of legally required benefits. How can HR managers minimize the costs that are associated with legally required benefits?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: Legally required benefits are mandated by: 1) Social Security Act of 1935, 2) various state workers' compensation laws, 3) Family and Medical Leave Act of 1993. Social Security Act of 1935 addresses: 1) unemployment insurance (for individuals who become unemployed through no fault of their own), 2) OASDI (provides retirement income, survivor's insurance, and disability insurance), and 3) Medicare (provides insurance coverage for hospitalization, convalescent care, and major doctor bills). Workers' compensation is designed to cover expenses due to work-related accidents. The Family and Medical Leave Act provides employees with job protection in case of family


lb_gilbert

  • Member
  • Posts: 588
Reply 2 on: Jul 7, 2018
Gracias!

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
When children are “launched” into independence, their parents often find new interests together ... When children are “launched” into independence, their parents often find new interests together ...
Manager's Responsibilities to Employee and Physician-Employer Manager's Responsibilities to Employee and Physician-Employer
When parents actively support higher education, their children achieve more in their future careers. When parents actively support higher education, their children achieve more in their future careers.
Parents around the world teach their children their religious beliefs and practices. This photo is ... Parents around the world teach their children their religious beliefs and practices. This photo is ...
Clouds: Cloud Coverage and Observation Clouds: Cloud Coverage and Observation
Video: Coronary Heart Disease Animation

For a complete list of videos, visit our video library