Payroll & Benefits Terms Crossword Puzzle

QUESTIONS LIST:

• beneficiary : a person who derives advantage from something, especially a trust, will, or life insurance policy.
• supplemental : earnings employees incur outside of the agreed-upon rate (tips, commissions, bonus).
• deferrals : also called employee contributions, this is the portion of an employee's paycheck that's set aside for their retirement account.
• specialist : a physician who focuses on a specific area of medicine.
• deductible : the amount an employee pays for covered medical services before their health insurance pays.
• claim : a request to receive funds when a medical or life event covered by insurance has occurred.
• bonus : a supplemental income that is added to an employee's wages.
• pay period : a time frame during which an employer has to pay their employees.
• primary care : a physician, nurse or physician assistant who helps you access a range of health care services.
• garnishment : a withholding to pay a third-party, usually complies with a court order.
• vesting : the employer-dictated schedule of participant ownership of an employer retirement contributions.
• premium : the fee paid for medical benefit coverage for a set period.
• overtime : hours worked over 40.
• net pay : the amount of take-home pay after deductions and taxes.
• pay cycle : a length of time between payrolls (weekly, bi-weekly, monthly).
• fringe : this type of benefit are additional services or goods given to employees beyond their regular wages and are subject to taxes. examples: company car, gym membership, and prizes
• formulary : a list of rx drugs covered by the health plan.
• withholding : money deducted to fulfill government requirements.