Lesson plan

Flex dollar

Flex dollars are a form of payment used at large institutions, especially universities. Georgetown University, James Madison University, University of Toronto, Saint Mary's University, Queen's University, University of Waterloo, McMaster University, University of Western Ontario, University of Ottawa, University of Utah, York University and Messiah College are all schools that use this system. Flex dollars are not common tender, but rather scrip or local currency that can be used to purchase items such as food, snacks, and school supplies. In insurance, flex dollars are used to assign values to an employee's benefits. The employee instead of having a deductible or a certain percentage of coverage is assigned a pool of flex dollars to assign as they are required. The obvious advantage to this is the ability to assign a much larger amount of coverage to one area while not being covered in another world.

Back to article

Article summary

Flex dollars are a form of payment used at large institutions, especially universities. Georgetown University, James Madison University, University of Toronto, Saint Mary's University, Queen's University, University of Waterloo, McMaster University, University of Western Ontario, University of Ottawa, University of Utah, York University and Messiah College are all schools that use this system. Flex dollars are not common tender, but rather scrip or local currency that can be used to purchase items such as food, snacks, and school supplies. In insurance, flex dollars are used to assign values to an employee's benefits. The employee instead of having a deductible or a certain percentage of coverage is assigned a pool of flex dollars to assign as they are required. The obvious advantage to this is the ability to assign a much larger amount of coverage to one area while not being covered in another world.

Key claims

No claims recorded.

Discussion questions

  1. Summarise the article in your own words. Which single claim would you verify first, and why?
  2. Which claim in this article is most likely to be revised as the sources update? How would you check its current status?
  3. If two sources disagreed about one of these facts, what would you need in order to trust one over the other?

Bibliography

No sources recorded.

Key claims and bibliography are generated from the same tracked claims and sources as the article page.