__________ benefits plans help organizations manage their benefits costs by controlling the dollars allocated to each employee and by sharing increased benefits costs with employees.

Question

Quizplus · Accepted Answer

Flexible benefits plans allocate a certain amount of dollars to each employee that they can use to select the benefits they want. This allows the organization to control the cost of benefits while also giving employees the ability to choose the benefits that are right for them. Additionally, flexible plans often require employees to share in the increased costs of benefits, which can further help the organization manage their costs. The other choices (rubber, mixed, stretched) do not accurately describe benefits plans.

__________ Benefits Plans Help Organizations Manage Their Benefits Costs by Controlling