If Adverse Selection Occurs for One or More Benefits in a Flexible

question 34

True/False

If adverse selection occurs for one or more benefits in a flexible benefits plan,the higher cost will likely lead to those benefits being dropped from the plan.

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Definitions:

Data Predictions

The process of using algorithms, statistics, and machine learning techniques to forecast future outcomes based on historical data.

Bit

The smallest unit of data in computing, representing a binary value of either 0 or 1.

Byte

The basic unit of data storage in computing and digital communications that most commonly consists of eight bits.

Field

A characteristic of interest that describes an entity.