Which of the following is a strategy used by managers to control the costs of health care?Question 15Answera.offering defined benefit pension plansb.offering a short vesting period on pension plansc.offering long-term disability plansd.offering workers' compensation insurancee.offering wellness programs
Question
Which of the following is a strategy used by managers to control the costs of health care?Question 15Answera.offering defined benefit pension plansb.offering a short vesting period on pension plansc.offering long-term disability plansd.offering workers' compensation insurancee.offering wellness programs
Solution
The strategy used by managers to control the costs of health care from the options provided is e. offering wellness programs.
Here's why:
a. Offering defined benefit pension plans: This is a retirement benefit and doesn't directly control health care costs.
b. Offering a short vesting period on pension plans: This is also related to retirement benefits and not directly linked to health care costs.
c. Offering long-term disability plans: While this is a health-related benefit, it doesn't necessarily control health care costs. It provides income protection for employees who are unable to work due to a disability.
d. Offering workers' compensation insurance: This is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment. It's a legal requirement in many places, but it doesn't control health care costs.
e. Offering wellness programs: Wellness programs are designed to promote health and prevent disease. This can lead to healthier employees, which can reduce the need for medical care and thus control health care costs.
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