Question

Brenda has been offered choices when selecting her benefits. She knows she wants health insurance, is unsure of vision insurance, and does not want dental insurance. This is allowed because her employer has

Answer 1

Answer:

The correct answer is flex-plans.

Explanation:

These plans allow employees to choose the benefits they prefer or want, instead of being selected by the organization's administration. In this way the employee adapts the benefits package to his needs. For example, an employee in the manufacturing area who has great concern for his well-being or health, might prefer the benefit of additional life insurance.

In short there are many alternative benefits for which they can opt.

The precise advantages of these plans and consequently the reasons why they are becoming increasingly popular are:

1. They allow employees to make relevant decisions about their individual finances and balance requirements with benefit plans.

2. Plans help organizations control costs, especially health. This is because managers can define the maximum amount they will use in each benefit. In other words, flexible payment plans often produce savings for organizations.

3. These plans become instruments to control and keep employees.

For employees, flexibility can be attractive, since in this way they can design their benefits and coverage levels based on their own requirements, therefore, in this sense, benefit plans become an advantage for them.