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As part of the efforts to bring down the employee benefits cost to the company, GrindStop Corp. restricts the number of visits to the dentists covered in the dental plan to two per year. Which of the following
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As part of the efforts to bring down the employee benefits cost to the company, GrindStop Corp. restricts the number of visits to the dentists covered in the dental plan to two per year. Which of the following cost-containment strategies is used by GrindStop?A. CopayB. Benefit limitationC. Administrative cost containmentD. Wellness program

User Joejoeson
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Answer:

B. Benefit limitation

Step-by-step explanation:

Benefit Limitation means the annual (a) Code Section 401(a)(17) limitations on the compensation of a Participant which may be taken into account for the purposes of the Company contributions.

Since, GrindStop Corp wants to save on business cost, they put limitations on how many times an employee visits the dentist.

User Puelo
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