In a Core-Flex Plan,there Is a Base Set of Benefits,called

question 78

True/False

In a core-flex plan,there is a base set of benefits,called the core,that are provided to everyone,and then employees are allowed to choose other options to meet personal needs and desires.

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Definitions:

Tax-Deductible

A portion of expenses that can be subtracted from gross income to reduce taxable income.

Discriminatory

Refers to unfair treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, offering protection against high unexpected healthcare costs.

Third-Party Payments

Payments made by someone other than the consumer or provider of a good or service, often by insurance companies or government agencies.