Flexible benefit plans are also known as the cafeteria-style plans.

Question

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Rather than a single standard benefits package for all employees, flexible benefit plans (flex-plans or cafeteria-style plans)permit employees to choose the types and amounts of benefits they want for themselves. The plans vary according to such things as whether minimum levels of certain benefits are prescribed and whether employees can receive money for having chosen a "light" benefits package.

Flexible Benefit Plans Are Also Known as the Cafeteria-Style Plans