Which of the following is considered a core benefit within a flexible benefits plan?

In the context of a flexible benefits plan, a core benefit refers to the essential offerings that are provided to all employees as part of their compensation package. The minimum level of coverage establishes a baseline that ensures all employees receive fundamental protections and benefits, regardless of their individual choices or income levels. This foundation is critical in a flexible benefits plan because it guarantees that all employees have access to necessary health and wellness benefits, thereby promoting fairness and equity within the workplace.

While optional benefits allow employees to choose additional coverage tailored to their personal needs, they do not represent the core structure of the benefits plan itself. Similarly, benefits limited to high-income employees would create disparities and not serve the purpose of core benefits. Cash values attached to benefit options, although appealing, do not qualify as core benefits since they are more about the financial aspects of benefits rather than essential protections or coverage. Thus, a minimum level of coverage is the most accurate representation of a core benefit within a flexible benefits plan, as it ensures a baseline of essential support for all employees.