Flashcard on Company Policies and Insurance

Front

By law, a company has to _______.

Back

allow time off to vote

Front

A premium is _______.

Back

a fee for health insurance

Front

When would you make the most use of a pension?

Back

after you retire from a government job

Front

Which of the following is a true statement?

Back

Life insurance makes up for lost income if an employee dies.

Front

Which of the following is a false statement?

• Some employers offer perks like game rooms and free legal services.
• 401(k)s are more common than pensions.
• Vacation and holiday policies will depend on your employer.
• It is illegal for a company to offer its employees stock options.

Back

It is illegal for a company to offer its employees stock options.

Front

Vikki was recently offered a job at the company where Mariah has worked for three years. Vikki will most likely _______. Options: get more sick days than Mariah, have to purchase stock at a higher price than Mariah, get fewer paid vacation days than Mariah, pay a lower health insurance premium than Mariah

Back

get fewer paid vacation days than Mariah

Front

When should Vikki find out about the benefits at her new job?

Back

before deciding to accept the job

Front

Vikki accepts the job. Her company offers a 401(k). This means _______.

Back

she can invest money from her paychecks in stocks to earn money for retirement

Front

Vikki's employer might _______.

Back

match her contributions to her 401(k)

Front

Vikki's husband and child are covered under her health insurance. Vikki probably _______.

Back

pays a higher premium to cover her family