Which of the following is a method to contain the costs of benefits?
A) making contribution changes, such as deductibles
B) eliminating benefit caps
C) increasing benefits coverage
D) making cuts to mandatory benefits

Question

Quizplus · Accepted Answer

Making contribution changes, such as increasing deductibles, is a common method to contain the costs of benefits. This approach can help manage the expenses associated with providing benefits by requiring participants to pay more out-of-pocket before the benefits kick in, thus potentially reducing the overall cost to the employer or benefits provider.

Which of the Following Is a Method to Contain the Costs