Which of the following is true of the cost of benefits?

A. Data about costs help employers to select the kinds of benefits to offer.
B. The lowest-cost items tend to offer the most room for savings.
C. Non-negotiable benefits tend to help the employer save more.
D. Cost control is easier when economic growth slows.
E. Concern over costs has prompted many employers to shift from PPOs to traditional health insurance.

Answer: A. Data about costs help employers to select the kinds of benefits to offer.

Business

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Indicate whether the statement is true or false

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Hospital indemnity insurance

A) pays a fixed dollar amount for each day you remain in the hospital. B) provides the provider of the service a direct payment up to a set daily maximum. C) guarantees you certain specified services regardless of the daily cost. D) guarantees you all hospital services regardless of cost.

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