A triple option plan is also called a:

A triple option plan is referred to as a cafeteria plan because it allows employees to select from a variety of health benefits, much like a cafeteria offers different food choices. This type of plan is designed to meet diverse employee needs by offering several health insurance options, thus giving them the flexibility to choose the combination of benefits that best suits their individual or family requirements.

The term "cafeteria plan" effectively captures the essence of choice inherent in the plan, as employees can tailor their benefits package to their personal circumstances, rather than being restricted to a single option. The customizable nature of cafeteria plans makes them appealing in a competitive job market, as they can enhance employee satisfaction and retention.

The other terms listed, such as physician incentive plans and point-of-service plans, relate to different aspects of health care delivery and reimbursement but do not encapsulate the concept of offering multiple options that employees can pick from in a manner akin to selecting food from a cafeteria. Thus, the term “cafeteria plan” is the most accurate descriptor for a triple option plan.