(redirected fromSection 125 Plan) Also found in:Medical,Financial. cafeter′ia plan` n. a fringe-benefit plan under which employees may choose from among various benefits those that best fit their needs up to a specified dollar value.
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A Section 125 plan is a provision of the Internal Revenue Service (IRS) law that permits employees to convert taxable benefits, like a cash salary, into nontaxable benefits. Before taxes are paid, these perks may be taken out of the paycheck of an employee. Participants who often incur cost...
Premium-only plans (POPs): These plans allow employees to choose to receive their entire salary in cash or pay for their group health insurance premiums on a pretax basis. Among the products which the Section 125 plan can cover are medical, vision, dental, disability (in case of taxed bene...
Under a Section 125 plan, eligible employees can use pre-tax dollars to pay for certain qualified expenses, such as health insurance premiums, dental and vision care, unreimbursed medical expenses, and dependent care expenses. By paying for these expenses with pre-tax dollars, employees can ...
FLEXIBLE BENEFIT PLAN - Eckerd College弹性福利计划-埃克德学院 热度: 员工弹性福利案例员工弹性福利策划 热度: PROVIDERINFORMATION BENEFITTYPE(pleasecheckasappropriate) Section125FlexibleBene t ReimbursementVoucher FirstFinancialAdministrators,Inc. FirstFinancialAdministrators,Inc.•POBox670329•Houston,TX77267-0329...
MyBESTflexPlanAccounts:HealthCareFSAMaximumPlanYearContribution:$!!!ThereIsNoContributionLimitForThisPlanYearDependentCareFSAMaximumPlanYearContribution:$5000.00CashInLieuOfMedicalPremiumsYourCashAmountperYear:$!!!YourCashAmountperPayPeriod:$!!!EmployerPaysNoCashToEmployeesWhoDeclineCoverageEmployerContributions...
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What Expenses Can a Section 125 Plan Cover? A wide variety of medical and childcare expenses are eligible for reimbursement under a Section 125 plan. Dozens of eligible expenses for medical items and treatments can be reimbursed. Eligible expenses include acupuncture, treatment for alcoholism, ambula...