BENEFIT PLANS FOR SECTION 125
A section 125 plan allows employees to purchase insurance with pretax dollars. The rules contained in section 125 of the Internal Revenue Code make this possible. A section 125 plan is also commonly referred to as a cafeteria plan.
The four basic forms of section 125 plans are:
- Premium Only Plan
- Flexible Spending Account
- Full Cafeteria Plan
- Simple Cafeteria Plan
Whether offering a premium only plan, health reimbursement or dependent care reimbursement plan, Peoples First Insurance will assist you in establishing the proper plan contract and administrator for this important employee benefits.
For more information on our Section 125 plans, call us today at 850.770.7047