The 40-Year Impact of Section 125 cafeteria plan: A Game-Changer in Employee Benefits
In 1978, something important happened in employee benefits. The US government introduced Section 125 of the tax code. This gave employees a simple way to save money by using part of their income to pay for benefits before taxes were taken out. This is what we call a Section 125 cafeteria plan. Now, more than […]
Legal Considerations for Employers Offering a Self-Insured Medical Reimbursement Plan
Your team needs you to do what’s best for them, but you also need to keep an eye on your bottom line. When an offer like a self-insured medical reimbursement plan comes up that says it will save you money on taxes and help your workers more, it seems like everyone wins. Yes, it is […]