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UNIT 2: Employer Provided Benefits

Total questions: 13

Worksheet time: 6mins

Name
Class
Date
1.

This type of insurance helps cover the cost of both well and sick doctor visits, hospital stays, and prescription drugs.

(a)  

2.

This type of insurance provides a financial payout to your beneficiaries if you pass away

(a)  

3.

This type of insurance replaces a portion of your income if you become unable to work due to an illness or injury.

(a)  

4.

This type of insurance helps cover the cost of checkups, cleanings, and procedures for your teeth.

(a)  

5.

This type of insurance helps cover the cost of eye exams, glasses, and contact lenses.




(a)  

6.

Allows you to save money for when you are older and no longer working, often with contributions from your employer.

a)

retirement plan

b)

paid time off

c)

employee assistance program

d)

employee stock ownership plan

7.

Provides time away from work with pay for vacation, illness, or personal reasons.

a)

retirement plan

b)

paid time off

c)

employee assistance program

d)

employee stock ownership plan

8.

Offers confidential support and resources for employees dealing with personal or work-related problems.

a)

retirement plan

b)

paid time off

c)

employee assistance program

d)

employee stock ownership plan

9.

Gives you the opportunity to own a stock in the company you work for, often at a discounted price.

a)

retirement plan

b)

paid time off

c)

employee assistance program

d)

employee stock ownership plan

10.

Match the definition to the core concept.

a)

Saves money on your travel to and from work by allowing you to pay for transportation with pre-tax dollars.

1.

commuter benefits

b)

Allows you to set aside pre-tax money to pay for eligible healthcare or dependent care expenses.

2.

flexible spending account

c)

Helps pay for continuing education or college courses.

3.

tuition assistance

11.

Match the health insurance terms.

a)

Membership fee/monthly cost for having health insurance.

1.

premium

b)

Fixed amount of money you pay each time.

2.

copay

c)

The amount of money you have to pay out of pocket for healthcare services before your insurance starts to pay a significant portion.

3.

deductible

12.

If your health insurance premium is HIGH, your copays and deductibles will be​ (a)   . If your health insurance premium is LOW, your copays and deductibles will be ​ (b)   .

Choose from the below words
LOW
HIGH
13.

Match the retirement plan terms.

a)

Your employer contributes a certain percentage or dollar amount to your account.

1.

company match

b)

Types of retirement plans.

2.

401K/403B/IRA

c)

An arrangement in which employees receive a regular payment from their employer indefinitely after retirement in exchange for their years of work.

3.

pension