Limitations of a Flexible Benefit Plan Include All of the Following

question 172

Multiple Choice

Limitations of a flexible benefit plan include all of the following except:

• A) accurately predicting the number of employees that might choose each benefit is difficult
• B) record keeping becomes more complicated
• C) group rates for life and medical insurance are affected
• D) employees complain about "topping out"

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Definitions:

Cross-sectional Data

Data collected from a population at a specific point in time, used to observe variations among subjects.

Time-series Data

Data points collected or recorded at regular time intervals, allowing for the analysis of patterns, trends, and forecasting over time.

Variable

An element or feature that can change and have different values in a data set or experiment, affecting the results.

Vertical Axis

The y-axis in a coordinate plane, representing the range of values for variables plotted vertically.