Orion Is a Business Software Firm Based in Atlanta That

question 77

Multiple Choice

Orion is a business software firm based in Atlanta that employs over 400 people. Orion has traditionally provided legislatively required benefits for its employees including Social Security, workers' compensation, and unemployment insurance. In addition, Orion offers employees health and dental insurance. Orion employees work Monday through Friday on a 9 to 5 schedule. Orion's top executives are considering the idea of adding a flexible benefits plan and implementing a flexible work schedule. Which of the following, if true, best supports the argument that Orion should offer its employees a cafeteria benefits plan?

• A)Orion lacks the resources to join a low-cost health insurance plan, so the firm belongs to a pool with other businesses.
• B)Some Orion employees have indicated that they would like vision insurance, while others have no interest in dental insurance.
• C)Orion offers its employees a PPO health insurance plan, but employees have expressed interest in an HMO plan.
• D)Orion outsources its employee benefits program, so employees go through the plan's administrator when filing claims.

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Definitions:

Low Co-Payment Insurance

A type of insurance plan where the insured pays a relatively small fixed amount out of pocket for healthcare services at the time of service.

Medical Savings Accounts

Tax-advantaged savings accounts used to pay for medical expenses, typically associated with high-deductible health plans.

Catastrophic Health Insurance

A type of health insurance designed to provide coverage for extremely severe or unforeseen medical events, often with high deductibles and lower premiums.

Medical Savings Accounts

Special savings accounts for medical expenses that provide tax advantages for individuals.