Cost sharing _____.
A) involves employers sharing the costs of government-mandated health insurance plans with the government
B) requires employees to pay for more of their benefit costs
C) requires insurance firms to share profits with employers who purchase insurance plans
D) allows employees to track their fund balances

Question

Quizplus · Accepted Answer

Cost sharing refers to the practice of requiring employees to pay a greater portion of their healthcare benefit costs, rather than the employer bearing the burden of the full cost. This can take various forms, such as higher deductibles, copayments, or coinsurance. It is different from profit-sharing, which is when employers share profits with their employees, and fund balances, which would refer to a specific type of savings account. Cost sharing also does not involve the government sharing the costs of insurance with employers.

Cost Sharing _____