COMPENSATION TRAINING STUDY SHEET
2026 UPDATED QUESTIONS AND ANSWERS
◉To receive OASDI disability benefits, Sung Lee's disability would
have to be expected to last at least how long? Answer: 12 months
◉Consumer-driven health care strives to achieve which of the
following objectives? Answer: Provide employees with greater
choices while also containing costs
◉Managing staffing levels to avoid layoffs due to poor business
conditions can help control which type of benefits cost? Answer:
Unemployment insurance
◉Why do health reimbursement accounts (HRAs) appeal to
employees with low salaries or hourly wages? Answer: HRAs permit
employees to carry unused balances from year to year.
◉Under the Family and Medical Leave Act, how many hours would
Pierre have had to work in the previous 12 months in order for him
to take time off to care for his wife and new child? Answer: 1,250
,◉In which plan do employees possess the option to receive care
from health care providers outside the designated network of
physicians, paying more for the choice? Answer: Point-of-service
plans
◉How often will Jill receive an unemployment check? Answer:
Weekly
◉Compared to the FICA rate, the SECA tax rate is which of the
following amounts? Answer: Twice as much
◉Which approach to providing health care makes the most sense
when a company's financial burden of covering employee medical
expenses is less than the cost to subscribe to an insurance company
for coverage? Answer: Self-funding
◉Jose invested $2,000 in pre-tax income into this healthcare plan
but lost the $780 unspent balance remaining at the end of the year.
What type of plan was it? Answer: Flexible spending account
◉Which strategy could help contain workers' compensation costs?
Answer: Implementing health promotion programs
◉Which of the following refers to payments an individual makes as a
condition of receiving medical services? Answer: Copayments
, ◉In 2022, how old will Cary have to be to receive full Social Security
benefits? Answer: 67
◉What is the maximum amount that companies are permitted to
charge COBRA beneficiaries? Answer: 102 percent of the cost of
health insurance to the beneficiary under the employer's plan
◉Under which law must former employees be given the choice to
continue their coverage, as well as coverage for their spouses and
dependents, for up to 18 months? Answer: Consolidated Omnibus
Budget Reconciliation Act
◉Which of the following type of program can help reduce workers'
compensation claims? Answer: Workplace safety
◉Which of the following is covered by Medicare Part A? Answer:
inpatient hospital care
◉Starting January 1, 2004, eligible individuals are allowed to
establish HSAs under which law? Answer: Medicare Prescription
Drug, Improvement and Modernization Act
◉Which of the following is the used when a company offers stock to
its employees? Answer: Stock grant
2026 UPDATED QUESTIONS AND ANSWERS
◉To receive OASDI disability benefits, Sung Lee's disability would
have to be expected to last at least how long? Answer: 12 months
◉Consumer-driven health care strives to achieve which of the
following objectives? Answer: Provide employees with greater
choices while also containing costs
◉Managing staffing levels to avoid layoffs due to poor business
conditions can help control which type of benefits cost? Answer:
Unemployment insurance
◉Why do health reimbursement accounts (HRAs) appeal to
employees with low salaries or hourly wages? Answer: HRAs permit
employees to carry unused balances from year to year.
◉Under the Family and Medical Leave Act, how many hours would
Pierre have had to work in the previous 12 months in order for him
to take time off to care for his wife and new child? Answer: 1,250
,◉In which plan do employees possess the option to receive care
from health care providers outside the designated network of
physicians, paying more for the choice? Answer: Point-of-service
plans
◉How often will Jill receive an unemployment check? Answer:
Weekly
◉Compared to the FICA rate, the SECA tax rate is which of the
following amounts? Answer: Twice as much
◉Which approach to providing health care makes the most sense
when a company's financial burden of covering employee medical
expenses is less than the cost to subscribe to an insurance company
for coverage? Answer: Self-funding
◉Jose invested $2,000 in pre-tax income into this healthcare plan
but lost the $780 unspent balance remaining at the end of the year.
What type of plan was it? Answer: Flexible spending account
◉Which strategy could help contain workers' compensation costs?
Answer: Implementing health promotion programs
◉Which of the following refers to payments an individual makes as a
condition of receiving medical services? Answer: Copayments
, ◉In 2022, how old will Cary have to be to receive full Social Security
benefits? Answer: 67
◉What is the maximum amount that companies are permitted to
charge COBRA beneficiaries? Answer: 102 percent of the cost of
health insurance to the beneficiary under the employer's plan
◉Under which law must former employees be given the choice to
continue their coverage, as well as coverage for their spouses and
dependents, for up to 18 months? Answer: Consolidated Omnibus
Budget Reconciliation Act
◉Which of the following type of program can help reduce workers'
compensation claims? Answer: Workplace safety
◉Which of the following is covered by Medicare Part A? Answer:
inpatient hospital care
◉Starting January 1, 2004, eligible individuals are allowed to
establish HSAs under which law? Answer: Medicare Prescription
Drug, Improvement and Modernization Act
◉Which of the following is the used when a company offers stock to
its employees? Answer: Stock grant
