As part of the efforts to bring down the employee benefits cost to the company, GrindStop Corp. restricts the number of visits t

Question

2 years ago

12

As part of the efforts to bring down the employee benefits cost to the company, GrindStop Corp. restricts the number of visits t

o the dentists covered in the dental plan to two per year. Which of the following cost-containment strategies is used by GrindStop?A. CopayB. Benefit limitationC. Administrative cost containmentD. Wellness program

Business

1 answer:

earnstyle [38] · Answer 1 · 2022-08-16T14:14:11+03:00

Answer:

<em>B. Benefit limitation</em>

Explanation:

Benefit Limitation means the <em>annual (a) Code Section 401(a)(17) limitations on the compensation of a Participant which may be taken into account for the purposes of the Company contributions.</em>

Since, GrindStop Corp wants to save on business cost, they put limitations on how many times an employee visits the dentist.