As part of the efforts to bring down the employee benefits cost to the company, GrindStop Corp.restricts the number of visits to the dentists covered in the dental plan to two per year.Which of the following cost-containment strategies is used by GrindStop?
A)Copay
B)Benefit limitation
C)Administrative cost containment
D)Wellness program

Question

Quizplus · Accepted Answer

Benefit limitation is the cost-containment strategy used by GrindStop Corp. to restrict the number of visits to the dentists covered in the dental plan to two per year. A copay is a fixed amount paid by the employee for each healthcare service, which is not applicable in this case. Administrative cost containment refers to reducing costs associated with administrative functions, such as billing and record-keeping, and wellness programs aim at promoting healthy behaviors among employees.

As Part of the Efforts to Bring Down the Employee