How Much Must an Employee Pay in Order to Continue

question 57

Multiple Choice

How much must an employee pay in order to continue health benefits under COBRA?

• A)All the premiums,plus up to a 2 percent administration fee.
• B)One half the policy premiums.
• C)Only whatever percentage of policy premiums the employee paid prior to leaving the job.
• D)All the policy premiums,plus up to a 5 percent administrative fee.
• E)Nothing because the employer must cover all premiums.

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Definitions:

Economic Growth

A growth in an economy's ability to generate goods and services over different time periods.

Standard Workweek

Refers to the officially set or commonly accepted number of working hours per week for full-time employment in a specific jurisdiction or organization.

Military Spending

Financial allocations by a government for the maintenance and development of its armed forces and defense-related activities.

GNP

Gross National Product, the total value of goods and services produced by the residents of a country within a specific time period.