#cafeteria plan

[larrygpotter]

Big Break for Employers & Employees!

The average annual premium for an employer-sponsored family health plan rose to nearly $27,000 this year, according to a recent KFF report. ​ ​​4 in 10. That’s how many people in the US say they are “extremely” or “very” concerned they may not be able to pay for their healthcare, access care, or stay insured, according to a new AP-NORC poll. ​ ​Section 125, also known as a Cafeteria Plan is a benefit program offered by employers that allows employees to choose from a variety of benefits, some of which can be paid with pre-tax dollars. ​BusinessRefund.com or BookMyCall.org

[larrygpotter]

A Section 125 plan (Cafeteria Plan), can often reduce taxable income for employees and creates payroll tax savings for employers. See the magic now via BusinessRefund.com

[walaeric]

Unlock Tax Savings with a Section 125 Plan for Your Employees

A Section 125 plan enables employees to pay for eligible benefits using pre-tax dollars, reducing their taxable income and increasing take-home pay. This tax advantage helps employees save more while enjoying flexible benefits. For employers, offering a Section 125 plan can lead to payroll tax savings and enhance recruitment efforts. It’s a cost-effective way to provide valuable benefits, while helping employees manage their financial and healthcare needs efficiently. Unlock the full potential of tax savings with a Section 125 plan for your workforce.

[brandylicious]

Is there a point in participating in a cafeteria plan if I won't be able to afford health care regardless? Like, I can manage the premiums on the insurance my employer offers, but my deductible is too high for me to afford the mental health care I really need.

[solutionslawyer]

By Cynthia Marcotte Stamer

Childcare providers, employers sponsoring programs that reimburse childcare expenses and American workers and families can expect increases in childcare costs and possible loss or disruption of childcare providers in response to efforts by the Department of Health and Human Services (HHS) to increase regulation, oversight and enforcement against childcare providers when…

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[solutionslawyer]

IRS Updates Procedures For 403(b) Opinions & Approvals

IRS Updates Procedures For 403(b) Opinions & Approvals

The Internal Revenue Service (IRS) is revising the application procedures for pre-approved 403(b) opinions and advisory letters.  Revenue Procedure 2015-22 modifies Revenue Procedure 2013-22, 2013-18 I.R.B. 985, as modified by Revenue Procedure 2014-28, 2014-16 I.R.B. 944, and Revenue Procedure 2015-8, 2015-1 I.R.B. 235 to:

Update the addresses to which applications for opinion and advisory…

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[solutionslawyer]

Newly-Medicare Eligible Not Driving Medicare Advantage Enrollment Increases

Newly-Medicare Eligible Not Driving Medicare Advantage Enrollment Increases

Findings of a just-released Kaiser Family Foundation study, At Least Half of New Medicare Advantage Enrollees Had Switched from Traditional Medicare During 2006-11, disputes the popular misperception that Baby Boomers’ overwhelmingly choice of private plans accounts for the steady rise in Medicare Advantage enrollment.  Instead, Study reports that seniors switching from traditional Medicare…

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[solutionslawyer]

Advance Copies Of 2014 Form 5500s Reminder To Avoid Penalties By Confirming Compliance

Advance Copies Of 2014 Form 5500s Reminder To Avoid Penalties By Confirming Compliance

Employers and other sponsors, plan administrators, third party administrators, and other service providers of employee benefit plans will want to check out the relevant advance informational copies of the 2014 Form 5500 and 5500-SF and final copy of the 2014 Form M-1 annual returns released by the U.S. Departments of Employee Benefits Security Administration, the Internal Revenue Service, and the…

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