Section 125 Plans
Section 125 plans from Better Business Planning allow your employees coverage options they can choose for themselves!
Cafeteria plans often sound confusing. In truth, they are quite simple:
Businesses with section 125 plans can offer their employees a choice between taxable and nontaxable benefits. The taxable benefit is often cash, while the options for a nontaxable benefit are quite diverse. Section 125 plans, otherwise known as cafeteria plans, can include flexible spending accounts, health reimbursement arrangements, and the following:
- Health benefits
- Accident benefits
- Dependent care assistance
- Group-term life insurance coverage
- Health savings accounts
- Adoption assistance
- And more!
With flexible benefits, your employees will appreciate your willingness to let them choose the benefits they want. And with our affordable premiums, your business’s budget will thank you too!
For more information on our section 125 cafeteria plans, call us at 800-724-7668, or fill out our quick and easy online quote request form. Our agents look forward to speaking with you further about this great policy.