Question

- 21. Cost sharing plans a. require employees to pay a larger proportion of their health benefits costs b. allow employees to track their benefits balances as and when required c. require insurance fims to share profits with employers who purchase insurance plans d. involve employers sharing the costs of govemment-mandated health insurance plans with the government

Answer 1

The cost-sharing plan is defined as the one in which employees are required to contribute a large proportion of the total cost of the health benefits program. the rest of the cost is managed by the employer. It helps employees to control healthcare costs. Therefore, the correct option is (a).

All other options are irrelevant. The cost-sharing plan does not mean requiring employees to track their benefits balances. Insurance firms does not share profit with its insurers. Sharing costs for the government-mandated health insurance plan with the government is not a cost-sharing plan. Therefore, the only correct option is (a).