Author Question: Nancy's employer provides an interesting employee benefit plan. Each employee is given 250 employee ... (Read 297 times)

melina_rosy · **on:** Jul 11, 2018

Nancy's employer provides an interesting employee benefit plan. Each employee is given 250 employee benefit credits to spend.

A wide array of benefits is available, and the employee uses benefit credits to select the benefits that he or she wants. This type of employee benefit plan is called a(n)
A) defined benefit plan.
B) cafeteria plan.
C) employee selection plan.
D) contributory plan.

Question 2

Turner Company self-insures its group health insurance plan. Turner entered into an agreement with ABC Insurance through which ABC handles the plan design, claims processing, and record keeping for Turner.

The agreement between Turner and ABC is called a(n)
A) preferred provider agreement.
B) administrative services only contract.
C) exclusive provider agreement.
D) point-of-service contract.