Flexible benefits plans enable employees to spend their benefits allowances as they desire and to opt out of certain benefits,such as disability and unemployment insurance.

Question

Quizplus · Accepted Answer

Flexible benefits plans are also called cafeteria plans because employees can spend their benefits allowances on a choice of benefits options. Either way, the idea is to let the employee put together his or her own benefit package. However, benefit plans must include certain non-optional items like Social Security and unemployment insurance.

Flexible Benefits Plans Enable Employees to Spend Their Benefits Allowances