For most benefits,providing a level of coverage is more costly to employers than providing a benefit at a specific cost level.

Question

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Providing a level of coverage means the employer is responsible for the costs of any medical expenses beyond the specific level of coverage. This can lead to unpredictable and potentially expensive costs for the employer. Providing a benefit at a specific cost level, such as a fixed amount for a health savings account or a set amount of vacation days, allows the employer to budget for and manage the costs more effectively.

For Most Benefits,providing a Level of Coverage Is More Costly