Description: This presentation is a panel discussion from the 1991 Meeting of the Society of Actuaries, held June 3-5 in Colorado Springs. The panelists discuss the potential impacts of recent and prospective legislation on flexible benefit programs, pricing and underwriting considerations in a flexible benefit environment, managed care and flexible benefits, and meeting the challenges that confront employers with flexible benefit programs. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 3A.