Asked by Petronel Ntimane on Jul 13, 2024
Verified
Which action helps organizations reduce the cost of health care benefits offered to employees?
A) increasing the amount employers pay for deductibles and coinsurance
B) selecting traditional health insurance over HMOs and PPOs as a preferred option
C) expanding the coverage for different types of claims
D) paying some or all of the difference in cost between an HMO or PPO plan
E) shifting from traditional health insurance plans to PPOs and CDHPs
Health Care Benefits
Various types of medical care provisions offered to employees as part of their compensation package.
Traditional Health Insurance
A type of health insurance that typically involves paying a premium, meeting a deductible, and then paying a percentage of service costs, with many services having a co-pay.
PPOs
Preferred Provider Organizations; a type of health insurance plan that offers members a discount on healthcare services if they use providers in the plan’s network.
- Comprehend the economic consequences and strategies for managing costs related to offering benefits to employees.
Verified Answer
Learning Objectives
- Comprehend the economic consequences and strategies for managing costs related to offering benefits to employees.
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