You need to complete an election form for each scenario Then you need write a narrative september 2023
Cafeteria Benefit Election Exercise
You need to complete an election form for each scenario. Then you need write a narrative summary of WHY you made the elections you chose. In Scenario 1 you have 1,000 benefit credits / dollars (Bene Credits) to use to elect the various benefit options. Given the circumstances outlined in the scenario, is it important enough to “spend” 150 benefit credits (15% of your credits) to elect dental insurance? If so enter 150 in the “Your Election” column. Next you need to evaluate if purchasing one or two additional floating holiday (this would afford you additional paid time off) are with the expense. If so, you would enter 50 or 100 in the “Your Election” column. Continue making elections consistent with the scenario. When you have made all of your elections total the amount of Bene Credits you have used. As the form states if you elect more benefits than your allowance of “Bene Credits” your pay will be reduced. After making all your elections – you need to explain (in not less than 250 words) why you made the elections for that scenario. Repeat the same steps for each of the three scenarios.
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