the COO has asked you to review the benefit offerings of the hotel. They offer the following benefits: Vacation: one week after one year; two weeks after five or more years of service. Sick Leave: 24 hours of sick leave may be accrued per year after 90 days of service and may not be carried over from one year to the next. 401k/retirement: a vesting schedule over five years of 20% matching per year is used, becoming fully vested after five years of service. Healthcare: a PPO plan with a $1,500 deductible is being used. Total premiums exceed $1,500 per employee/family for coverage, with the hotel paying $1,000 and the employee $500 per month. The COO wants to know more about moving to a high deductible health plan and what that would mean for cost saving opportunities. They want to know if you can have two offerings, and knows the competition offers a FSA (Flexible Spending Account), but the hotel does not. What is the advantage of this for the regular PPO plan? Dental and Vision: Both coverages are offered, but the plans are popular, and the cost is minimal. You decided these do not need to be changed