What Does Flexible Benefit Plan Mean?

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What does Flexible Benefit Plan mean? Read on to discover the definition & meaning of the term Flexible Benefit Plan - to help you better understand the language used in insurance policies.

Flexible Benefit Plan

Flexible Benefit Plan

A flexible benefit plan is a benefit program that allows employees to choose from a range of benefits, such as life insurance, retirement plans, vacations, child care, and cash. Typically, the program requires a core set of benefits, but it gives employees the opportunity to allocate the remaining benefit dollars however they wish.

We hope the you have a better understanding of the meaning of Flexible Benefit Plan.

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