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Cafeteria/Flexible Spending Plans
Since 1978, Section 125 of the IRS Code has allowed employers to offer Flexible Spending Plans, a valuable benefit that saves money for both organizations and their employees. Originally an elite benefit offered only by large companies, today Flexible Spending Plans are recognized by organizations of all sizes as valuable and cost-effective benefits. Sometimes these plans are referred to as "Cafeteria Plans", "Flexible Benefits", "Flexible Spending Plans" or "Section 125 Plans". Whatever name they go by, the central concept is that each employee’s spendable income is increased to allow them to select and pay for certain benefits using pretax dollars.
The expert staff at CAN Insurance Services will help you design and implement a Flexible Spending Plan that will enhance your employee benefit programs.
- Premium Only Plans (POPs)
- Flexible Spending Accounts (FSAs)
- Health Care Reimbursement Accounts (HRAs)
- Health Savings Accounts (HSAs)
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