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HRM 599 Benefits Week 8 Final Exam Complete set 1 and

set 2 Answer

HRM 599 Benefits Week 8 Final Exam Complete set 1 and set 2 A+ Answer
Set 1
1. Question : (TCO A) What are some of the legal and regulatory influences on
discretionary benefits?
2. Question : (TCO B) Give a brief overview of the main provisions of HIPAA.
3. Question : (TCO C) Discuss the two forms of employer-sponsored disability coverage.
Analyze the potential advantages of each for the employee and for the employer.
4. Question : (TCO D) Your companys CEO is interested in implementing a new dental
plan for employees and has asked you to do some research. The CEO wants you to
report back to him in 3 weeks with the following information: What are the three main
types of dental care plans? Discuss each plan and make a recommendation for your
company.
5. Question : (TCO E) Discuss the various FASB rulings associated with retiree health
insurance.
6. Question : (TCO F) You have recently been hired as an employee benefit consultant
and have been asked to recommend the establishment of either a defined contribution
or a defined benefit plan. Given the following employer objectives, which type of plan
would you recommend? Specify the type of retirement plan you would recommend.
Explain how your recommendation would handle the employers objectives.
Employer objectives include majority of employees are young would like to encourage
long potential service concerned about providing retirement income, capital
accumulation, and/or estate benefits concerned about limiting their funding costs and
administrative expenses.
7. Question : (TCO G) Discuss the concept of good business sense of benefits
communication and the primary objectives of an organizations benefits communication
program.

8.Question : (TCO H) Family assistance programs help employees with caring for loved
ones, both young and old. Briefly describe the three types of family assistance programs
and their benefits.
Set 2
Question 1. Briefly outline the key provisions of the Pension Protection Act of 2006.
Question 2. What are some of the legal and regulatory influences on discretionary
benefits?
Question 3. Discuss and compare multiple-payer versus single-payer systems in the
United States.
Question 4. What are the main characteristics of long-term disability insurance?
Question 5. Compare the basic structure of a profit sharing plan, thrift/savings plan, a
401(K) plan, and an employee stock ownership plan. Why would an employer choose to
implement each one of these plans over the other?
Question 6. Discuss the various FASB rulings associated with retiree health insurance.
Question 7: Discuss the concept of good business sense of benefits communication and
the primary objectives of an organizations benefits communication program.
Question 8. Employers must provide some disclosure information regarding their
benefits plan as spelled out by ERISA. One of those requirements includes a summary
plan description, or SPD. What is an SPD? Briefly discuss the information that SPDs
must provide.
Question 9. Family assistance programs help employees with caring for loved ones, both
young and old. Briefly describe the three types of family assistance programs and their
benefits.

HRM 599 Benefits Week 8 Final Exam Complete set 1 and

set 2 Answer