Core-plus plans consist of ________.
A)predesigned packages of benefits that an employee must accept as a whole
B)monetary benefits which are linked to one's performance appraisals
C)fractions of a company's profit margins determined on the basis of an established formula
D)pretax dollars up to the dollar amount offered in the plan that an employee sets apart to pay for particular benefits
E)essential benefits and a menu-like selection of other benefits that an employee can choose from

Question

Quizplus · Accepted Answer

E)The three most popular types of benefits plans are modular plans, core-plus options, and flexible spending accounts.Core-plus plans consist of a core of essential benefits and a menu-like selection of others from which employees can select.Typically, each employee is given benefit credits which allow the purchase of additional benefits that uniquely meet his or her needs.

Core-Plus Plans Consist of ________