This book serves as a comprehensive reference on flexible benefits, one of the fastest growing design approaches for delivering employee benefits and compensation. Designed for both the novice and the expert, it answers some of the most frequently asked questions about flexible benefits. It covers different alternatives for the design of flexible benefits programs, in which areas choice making is most often introduced and how to measure the cost impact of a program. New material on pricing and credit structure, the legal framework of flexible benefit program operations, financial analysis and new case studies prepare readers for the future of flexible benefits.