Asked by Caryse Janée on Jun 26, 2024
Verified
Multiplication.Phyllis,who is 30 years old,works for We Add for You Accounting.Phyllis has worked there for a number of years and is considering quitting in order to spend more time with her three active triplets,Sunny,Fussy,and Perky.She asks her boss,Bolivar,about the pension plan at We Add for You.Her boss tells her that she is not entitled to that information until she is at least 60 years old.Phyllis also asks about retaining her medical insurance protection if she quits and is told that she would have no right to do so.Bolivar also throws in that he has been monitoring her conversations and that he particularly enjoys the conversations between her and her single female friends involving failed dating experiences.He asks her to keep those up.Phyllis tells him that her personal phone calls are none of his business.Bolivar says that he can listen if he wants because the phones are his.Phyllis ends up starting her own company called We Multiply for You,and makes much,much more money.(In answering the following questions,assume all federal laws apply and that any pension and medical plan qualifies for regulation under federal law.) Which of the following addresses the retention of medical benefits upon leaving a job?
A) The Consolidated Omnibus Budget Reconciliation Act (COBRA)
B) The Medical Benefits Retention Act (MBRA)
C) The Health and Maintenance Act (HMA)
D) The Comprehensive Medical Benefits Retention Act (CMBRA)
E) The Americans with Disabilities Act (ADA)
Consolidated Omnibus Budget Reconciliation Act (COBRA)
Federal law that ensures that when employees lose their jobs orhave their hours reduced to a level at which they would notbe eligible to receive medical, dental, or optical benefits fromtheir employer, the employees will be able to continue receiving benefits under the employer’s policy for up to 18 months by paying the premiums for the policy.
Medical Insurance Protection
Coverage provided by insurance policies to cover medical expenses incurred due to illness or injury.
- Comprehend the entitlements of employees concerning privacy, pension schemes, and health insurance advantages as stipulated by federal legislation.
Verified Answer
TH
Theresa HutsonJun 27, 2024
Final Answer :
A
Explanation :
The Consolidated Omnibus Budget Reconciliation Act (COBRA)ensures that employees who lose their jobs or have their hours reduced to a level at which they are no longer eligible to receive medical,dental,or optical benefits have the right to pay to continue receiving benefits for themselves and their dependents under the employer's policy.
Learning Objectives
- Comprehend the entitlements of employees concerning privacy, pension schemes, and health insurance advantages as stipulated by federal legislation.