Appropriate Steps Employers Can Take to Reduce Employee Health Care

question 34

Multiple Choice

Appropriate steps employers can take to reduce employee health care costs include all of the following EXCEPT:

• A)offer training programs in health and wellness.
• B)increase employee contributions to health care costs.
• C)increase annual health insurance deductibles.
• D)terminate employees who experience significant illness or injury.

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Definitions:

Asbestos Claims

Legal claims filed by individuals exposed to asbestos seeking compensation for health issues developed as a result of that exposure.

Diversification

Diversification is an investment strategy that involves spreading investments among various financial assets to reduce exposure to risk.

Expected Gain

The predicted benefit or profit derived from an investment or decision, based on probability calculations.

Pooling Risks

The practice of spreading financial risk among a large number of contributors to reduce the risk to individuals.