Which plan allows you to tailor your benefit plan to suit your needs and even trade off benefits that are not important to you?

Question

Quizplus · Accepted Answer

A flexible benefits plan allows employees to tailor their benefit plan to suit their individual needs and preferences, including the ability to trade off benefits that are not important to them. Health care spending accounts and simplified flex plans may offer some flexibility, but they do not provide the same level of customization as a full flexible benefits plan. A fixed benefits plan does not offer any flexibility or customization options.

Which Plan Allows You to Tailor Your Benefit Plan to Suit