Want to provide your employees with more choices and options? A flex benefit plan can be an excellent option.
Employees are offered a menu with various levels of coverage. Each schedule of benefits offered has a different cost attached to it. For example, some employees may want most of their premiums directed toward dental care or have more paramedical coverage and choose packages with higher annual maximums for those particular benefits.
These plans can make billing and payroll deductions a little more challenging however as plan members will have various amounts of premiums charged to them based on their choice of benefits.