Insurance & Flexible Benefits for Employees Video


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question 1 of 3

Ken's employer allows him to pick and choose the healthcare benefits that he wants for his lifestyle. He is young and healthy, so he has opted for minimal healthcare coverage, dental insurance, and additional paid vacation days. This is an example of a _____.

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1. How can an employee save money by utilizing a flexible spending account?

2. Which of the following is an example of paid time off?

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About This Quiz & Worksheet

We designed our quiz and worksheet to act as tools that assist in checking your comprehension of insurance and flexible benefits for employees. Expect to see topics regarding flexible spending account plans and paid time off on the quiz, which has multiple-choice questions on it.

Quiz & Worksheet Goals

The goals of these learning tools are to assess your knowledge of:

  • What deductible refers to
  • A common retirement plan designed for employees today
  • Benefits of flexible spending account plans
  • The term for making a regular payment to pay for health insurance
  • An example of paid time off

Skills Practiced

  • Knowledge application - use your knowledge to answer a question about the payments an employer or employee makes for health insurance
  • Information recall - access the knowledge you have gained about the meaning of deductible
  • Reading comprehension - ensure that you draw the most important information from the business lesson on benefits plans for employees

Additional Learning

The accompanying lesson, 'Insurance & Flexible Benefits for Employees,' is designed to help you learn more about these plans. This lesson helps you complete the following goals as well:

  • Discover what co-pay and out-of-pocket maximums are
  • Review the characteristics of a cafeteria plan
  • Understand the benefits of disability and life insurance plans