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19 Cards in this Set
- Front
- Back
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backup care program |
A benefit program whereby an employer provides or subsidizes temporary care for its employee’s elders or children when their regular arrangements fall through |
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contributory plan |
A pension plan in which contributions are made jointly by employees and employers |
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defined benefit plan |
A pension plan in which the amount an employee is to receive on retirement is specifically set forth |
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defined contribution plan |
A pension plan that establishes the basis on which an employer will contribute to the pension fund |
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disease management programs |
Programs that provide patients and their caregivers with information on monitoring and treating medical conditions, while coordinating communication between them, their health care providers, employers, and insurers |
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elder care |
Care provided to an elderly relative by an employee who remains actively at work |
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employee assistance programs (EAPs) |
Services provided by employers to help workers cope with a wide variety of problems that interfere with the way they perform their jobs |
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flexible benefits plans (cafeteria plans) |
Benefit plans that enable individual employees to choose the benefits that are best suited to their particular needs |
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health maintenance organizations (HMOs) |
Organizations of physicians and health care professionals that provide a wide range of services to subscribers and dependents on a prepaid basis |
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high-deductible health insurance plan (HDHP) |
A medical insurance plan characterized by high deductibles but lower premiums for workers and a health spending account to which employers contribute funds employees can keep should they leave the organization |
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noncontributory plan |
A pension plan in which contributions are made solely by the employer |
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phased retirement |
A program that allows its employees to gradually cut their hours before retiring |
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preferred provider organization (PPO) |
A network of physicians who establish an organization that guarantees lower health care costs to employers and their employees |
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sabbatical |
An extended period of time in which an employee leaves an organization to pursue other activities and later returns to his or her job; paid (or unpaid) time away from a job for four or more weeks employees take off to renew themselves before returning to work |
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severance pay |
A one-time payment sometimes given to an employee who is being involuntarily terminated |
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supplemental unemployment benefits (SUBs) |
A plan that enables an employee who is laid off to draw, in addition to state unemployment compensation, weekly benefits from the employer that are paid from a fund created for this purpose |
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vesting |
A guarantee of accrued pension benefits to participants at retirement age, regardless of their employment status at that time |
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wellness programs |
Employer-sponsored programs designed to encourage employees to maintain and improve their health and well-being by getting regular checkups, eating properly, exercising, and managing their stress levels so as to prevent costly and protracted illnesses |
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workers’ compensation insurance |
State-mandated insurance provided to workers to defray the loss of income and cost of treatment due to work-related injuries or illness |
