Respuesta :
A flexible benefits plan is a type of pay wherein the employee receives a predetermined amount of benefit dollars to spend on a benefits package they have chosen to suit their particular needs.
What exactly is a flexible benefits plan?
Employers can control their costs while providing health coverage that is appropriate for their employees' requirements by offering flexible benefits. You decide how many credits your employees should have access to in order to purchase their benefits coverage.
Employees can choose the level of coverage they require, whether it's the entire package or only the parts that apply to them specifically. Any unused credits may be carried over to the following plan year or a Health Spending Account by the employee. Flexible benefit plans provide employees with more options when it comes to their benefits and give companies the chance to:
- By specifying the money to be spent, they may control their costs.
- Increasing employee understanding of benefit costs
- Encourage staff to exercise more caution when making purchases for medical services.
Learn more about flexible benefits plans with the help of the given link:
brainly.com/question/15008718
#SPJ4
