All of the Following Are Reasons Why Employers Self-Insure Medical

question 4

Multiple Choice

All of the following are reasons why employers self-insure medical expense plans EXCEPT

• A) to reduce certain costs, such as premium taxes and commissions.
• B) to provide mandated state benefits.
• C) to retain funds until needed to pay claims.
• D) to eliminate the need to comply with separate state laws.

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Definitions:

Carnival Roulette Wheel

A game of chance found at carnivals or fairs, where participants bet on where a ball will land on a spinning wheel.

Cost to Play

The financial amount required to participate in a particular market, activity, or investment.

Gain

An increase in wealth, resources, or advantage, often resulting from investment or competitive activities.

Lose

To be deprived of or cease to have or retain something, often used in contexts of competition or misplacement.