With the tax savings it offers, a Section 125 plan can be a nice addition to a benefits package. Here are the pros and cons ...
Craig Anthony, CFA, is the founder and CEO of the Craig Anthony Group LLC. He is also an Investopedia contributor and published author. Thomas J Catalano is a CFP and Registered Investment Adviser ...
On May 12, the IRS issued Notice 2020-29 “COVID-19 Guidance Under Section 125 Cafeteria Plans and Related to High Deductible Health Plans” and Notice 2020-33 “Section 125 Cafeteria Plans – ...
Many employers have sought to leverage or make changes to their employer-sponsored benefits to address economic and health-related burdens faced by their employees during the COVID-19 pandemic. Until ...
Section 125 cafeteria plans are relatively easy to set up and are extremely beneficial to both employers and employees, but they should not be considered “set-it-and-forget-it plans.” An increase in ...
BRADENTON, Fla., June 16, 2020 /PRNewswire/ -- The COVID-19 pandemic has employers looking for ways to help employees through group health insurance and FSA disruptions caused by furloughs, reduced ...
What happens if an employee wants to drop out of the company plan and get into the exchange? Seems like an option except the cafeteria plan rules prevent someone from making a mid-year change in their ...
Optional Health FSA allows up to $3,200 tax-free medical, dental and vision expenses. Optional: Dependent Care Assistance Plan FSA for up to $5,000 in tax-fre daycare expenses. A Section 125 Premium ...
JOHN G. SIMMONS, JD, LLM, is an attorney in private practice in Idaho Falls, Idaho. His e-mail address is [email protected] . mall employers often face the difficult task of providing benefits to employees ...
Zane Benefits, the leader in Defined Contribution and Health Reimbursement Arrangement (HRA) solutions for business health benefits, today published a quick guide to premiums that are reimbursable ...