Which of the Following Actions Help Organizations Reduce the Cost

question 19

Multiple Choice

Which of the following actions help organizations reduce the cost of health care benefits offered to employees?

• A) By increasing the amount employers pay for deductibles and coinsurance
• B) By selecting traditional health insurance over HMO and PPO as a preferred option
• C) By expanding the coverage for different types of claims
• D) By paying some or all of the difference in cost between an HMO or PPO plan
• E) By shifting from traditional health insurance plans to PPOs and CDHPs

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Definitions:

Function

A relation or correspondence between two sets in which each element of the first set is paired with exactly one element of the second set, typically described by f(x).

Function

A relation between a set of inputs and allowable outputs, where each input is related to exactly one output.

Compounded Interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Compounded Continuously

Pertains to the situation where interest is added to the principal balance of an investment, loan, etc., at an infinite number of times within a specified time period.