A Section 125 Cafeteria Plan is sometimes referred to as a Flexible Spending Plan (FSA).
Employees can set aside a certain amount of each paycheck into an account before paying income tax. Participant can use the account to pay for:
- Out-of-pocket expenses at the doctor or pharmacy
- Chiropractic services
- Eyeglasses, contacts, Lasik
- Orthodontics and more
Employers save on payroll taxes and can help cushion health insurance increases to lessen the impact on the employee’s paycheck.
Our standard Cafeteria Plans include a Premium-Only Plan, Medical Reimbursement Account and Dependent Care Assistance Plan.
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