Which of the following would an employer be least likely to use if they sought to reduce benefit costs?
A) Dual coverage
B) Benefit ceiling
C) Coinsurance
D) Defined benefit plans

Question

Quizplus · Accepted Answer

Defined benefit plans tend to have high costs for employers as they provide a guaranteed retirement benefit to employees. Employers may instead choose to offer defined contribution plans or shift more costs onto employees through options like coinsurance or benefit ceilings. Dual coverage, or dual insurance plans, may actually save employers money by having two insurance plans share costs.

Which of the Following Would an Employer Be Least Likely