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Giving your employees options for designing their own benefit coverage plan can help you ensure that...

  1. Giving your employees options for designing their own benefit coverage plan can help you ensure that each employee receives the coverage they want and deserve. If you have a relatively diverse collection of employees, flexible benefits are a great way to guarantee everyone the best coverage to meet their needs.

    However, there can be problems with flexible benefits plans for employees, one such problem is:

    Control of benefits and expense

    Pre-tax

    adverse selection

    customization

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The problem of Adverse selection will be there as employee starts selecting whatever suits them the best

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