Section 125 "Cafeteria Plans"

Section 125, also know as a flexible benefit plan, allows employees to choose from a selection of benefits which are paid for with pre-tax dollars. It is often referred to as a Cafeteria Plan because there is a menu of expenses from which to choose. These expenses can come from one or all of the following categories:

Insurance Premiums: medical, dental, life and disability.
Dependent Care: up to $5,000 of dependent [child or adult] care.
Unreimbursed Medical Expenses: qualified expenses can be paid pre-tax [ex. office visit, co-payments, glasses, prescription drugs, and out-of-pocket expenses]

Employee Benefit Concepts, Inc. offers a complete turn key approach for Section 125 plans by providing:

Non-Discrimination Testing.
Employee Meetings.
Claims Management.
Debit Card.
Premium Accounts.
Flexible Spending Accounts. [FSA]
Dependent Care/Assistance Accounts.
Renewal Packages.
Stand Alone/Voluntary Insurance Products.

Benefits of Section 125 "Cafeteria Plans":

Employers can:

Control benefit costs.
Increase employee morale and retention.
Enhance status as an employer.
Gain flexibility in benefit planning.
Increase employee spending income without cost to company.
Reduce obligation for Social Security (FICA) and Medicare taxes.

Employees can:

Budget for out-of-pocket medical and day care costs
Save Tax dollars.
Control where they spend their benefits dollars.

To find out how you can benefit from Employee Benefit Concepts, Inc. Section 125 Plans, call us at (248) 855-8040 or toll free (800) 344-4101.

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