IRS Section 125 Cafeteria Health Plan: What It Is & How It Works
Healthcare costs aren’t slowing down. Employers feel it in rising premiums and payroll taxes. Employees feel it when benefits get thinner or when coverage costs more out of their paycheck. That’s why more companies are turning to the Section 125 Cafeteria Plan. It’s not some complicated new benefit trend. It’s actually been part of the […]
Is a Self-Insured Medical Reimbursement Plan (SIMERP) Right for Your Small Business?
A self-insured medical reimbursement plan is an effective way for employers to save on taxes while providing certain healthcare benefits to their employees. This strategy enables employers to prioritize the physical well-being of their employees while minimizing their overall tax liability. This plan has several advantages, but is limited to specific options. It is not […]