When Can Employees Change Their Benefits? IRS Section 125 Qualifying
Understanding when employees can modify their workplace benefits is essential for both employers and staff, mainly when their plans include advanced options like Core360 from Health Sphere. This plan isn’t your typical Section 125 setup. Core360 brings together IRS Section 125, Preventative Care Management Plan (PCMP) and Self-Insured Medical Reimbursement Plan (SIMRP) into a single […]
Understanding IRS Section 125 Cafeteria Plan Qualifying Events
Introduction: The Importance of Flexibility in Employee Benefits In today’s dynamic work environment, employees often experience life changes that necessitate adjustments to their benefits. Understanding the qualifying events under IRS Section 125 Cafeteria Plans qualifying event is crucial for both employers and employees to ensure compliance and maintain optimal benefit structures. Health Sphere’s Core360 plan […]
Is Your Business Overpaying on Taxes Due to Poor Health Benefits Structuring?
If you’re an employer offering traditional health benefits and not taking advantage of advanced tax-optimized structures, your business might be leaving thousands of dollars on the table. The truth is, most companies are overpaying in payroll taxes simply because their health insurance and benefits plans aren’t structured to work in their favor. But what if […]
