Cost containment is one advantage to an employer offering a flexible benefit plan.

Question

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A flexible benefit plan allows employers to offer a range of benefit options that employees can choose from, often with a set budget. This allows for cost containment because the employer can control the amount spent on benefits, and employees can choose the options that work best for their individual needs. This can help prevent overspending on benefits that may not be fully utilized by all employees.

Cost Containment Is One Advantage to an Employer Offering a Flexible