How To Create A Custom Section 125 Cafeteria Plan For Your Organization
Employers in the current business environment struggle to provide superior benefits without exceeding budget limitations. One of the most effective strategies is implementing a Section 125 Plan. Through IRS authorization Section 125 Cafeteria Plans create a vendor payment method which permits workers to use tax-free funds for qualified expenditures including insurance premiums alongside medical expenses. […]
The Legal Requirements For Section 125 Cafeteria Plans
Every employer wants to offer improved benefits without blowing the budget. And workers? They’d prefer more from their benefits—actual assistance that matters, not at the cost of a substantial share of their paycheck. The Section 125 cafeteria plan has long been a way to offer tax savings and benefit options, but on its own, it’s […]
Can My Small Business Offer A Section 125 Plan?
Being a small business owner means you’re constantly searching for methods to help your staff members without increasing expenses. Attracting and keeping talent depends on offering good incentives, but with limited funds, it may seem impossible. Should you be familiar with a Section 125 Flexible Spending Plan or Section 125 Plan Health Plan, you could […]
Section 125 And Pre-Tax Benefits: A Strategy For Lower Healthcare Costs
When it comes to healthcare, most employers want the same things: lower costs, better benefits, and happier employees. The problem? Traditional plans rarely deliver all three, especially without adding cost or complexity. That’s where the Lumara Plan changes the game. Built around a smarter structure that leverages Section 125 alongside two powerful components—a Preventative Care […]
Section 125 vs. Post-Tax Deductions: What’s Better For Employers?
In the competitive workforce of today, employers are continually seeking better, more economical means of benefiting their employees. One such area that tends to go underappreciated? Payroll tax strategy. That is, how employers approach employee benefit deductions—whether they’re implementing post-tax deductions or taking advantage of Section 125 taxes via payroll pre tax deductions. At first […]
How a Section 125 Cafeteria Plan Saves Employers And Employees Money
What if you could save thousands annually, without cutting benefits or raising costs? That’s exactly what the Lumara Plan was designed to do. By leveraging a Section 125 cafeteria plan alongside a fully managed Preventative Care Management Plan (PCMP) and a Self Insured Medical Reimbursement Plan (SIMRP), Lumara offers one of the most compliant, automated, […]
How Can Section 125 Plans Help You Attract & Retain Top Talent?
With the competitive nature of today’s job market, wonderful salaries by themselves are no longer sufficient to cause top performers to be content. More than that, employees want better benefits, greater support, and true value for their efforts. That’s where the Lumara Plan steps in. It’s not another Section 125 benefit plan. It is an […]