please check my answer thanks :)
The ability to accurately predict yearly expenss was one reason that large companies decided to
1. offer HMO plans
2. enroll in managed care plans
3. self insure their workers
4. offer medical spending plans
I picked 4
I agree. The patient must be the one who can accurately predict the expenses; otherwise the deductions are forfeited. The only advantage to the employee is avoiding taxes on spending account deductions. The cost to the company is negligible
the answer d
To check your answer, we need to understand the reasons why large companies would want to accurately predict yearly expenses. Accurately predicting yearly expenses is essential for budgeting and financial planning. Based on the options provided, let's evaluate each one:
1. Offering HMO plans: Health Maintenance Organization (HMO) plans are a type of managed care plan that typically require members to go through a primary care physician for referrals. While offering HMO plans may help companies manage and control healthcare costs, it does not directly address the goal of predicting yearly expenses.
2. Enrolling in managed care plans: Managed care plans include HMOs, but they also encompass other types of plans like Preferred Provider Organizations (PPOs) and Point of Service (POS) plans. While managed care plans may help companies manage healthcare costs, they do not directly address the goal of predicting yearly expenses.
3. Self-insuring their workers: Self-insurance is when a company assumes the financial risk of providing insurance to its employees instead of purchasing insurance from an external provider. By self-insuring, companies have more control over the insurance plans they offer and can potentially save money in administrative costs. However, this does not directly address the goal of predicting yearly expenses.
4. Offering medical spending plans: Medical spending plans, such as Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs), allow employees to set aside pretax dollars for qualified medical expenses. By offering such plans, companies can help employees manage healthcare expenses, but it doesn't directly address the goal of predicting yearly expenses.
Based on this evaluation, it seems that none of the options directly relate to predicting yearly expenses. To determine the correct answer, you may need to review the question or consider other factors not mentioned in the options.