A flexible spending plan is a way to provide employees with valuable benefits and tax savings. Benefits under an eligible plan may include reimbursement of dependent care expenses and medical expenses such as co-payments and deductibles.
Also, most importantly, you always pay insurance premiums with pre-tax dollars. All full-time employees are eligible to participate in this plan which gives them the opportunity to recognize additional monthly income through pre-tax savings.
All employees are eligible to participate in this plan, which offers a pre-tax cafeteria (Section 125 Plan) plan that is administered for the purchase of PEEHIP medical, and certain supplemental plans as well as Flexible Spending Account. Dollars sheltered under a Section 125 Plan are exempt from FICA, FUTA, federal income and most state and local taxes.
For more details contact Shaw Hawkins, Inc. @ (800) 994-7429 or email@example.com.