Online benefits systems are often referred to as __________ and can result in significant cost savings in benefits administration.
A)cafeteria plans
B)value-based initiatives
C)employee self-service systems
D)high-deductible health insurance plans

Question

Quizplus · Accepted Answer

Online benefits systems that allow employees to manage their own benefits information and make changes without HR intervention are referred to as employee self-service systems. These systems can result in significant cost savings for companies by reducing the administrative burden on HR and minimizing errors in benefit administration. Cafeteria plans refer to a benefits program in which employees can choose from a variety of benefit options, while high-deductible health insurance plans refer to plans with lower premiums but higher out-of-pocket costs. Value-based initiatives generally refer to programs aimed at improving employee wellness or productivity.

Online Benefits Systems Are Often Referred to as __________ and Can