What Are the IRS Guidelines for Section 125 Cafeteria Plan Qualifying Events?
Knowledge of qualifying events is paramount for an employer that wants to extend flexible, tax-advantaged benefits through a Section 125 Cafeteria Plan. The IRS has set forth very explicit guidelines for situations during which employees can make mid-year changes to their elections under a cafeteria plan. These are the so-called Section 125 qualifying events, and […]
Are Medical Expenses Part of Section 125 Eligible Expenses?
Employee benefits are greatly influenced by Section 125 of the IRS Code, one of the most potent weapons companies can use to enhance financial results, for both the company and the individuals maintaining it operating. Yet, even as more businesses investigate these strategies, a frequent query remains: Are medical costs included in Section 125 eligible […]
Think You’re Paying Too Much in Taxes? Cafeteria 125 Plan Deductions Might Help!
If you’re a business owner or HR leader and suspect you or your team are leaving money on the table because of taxes, you might be right. The truth is, many employers and employees are unknowingly missing out on one of the most compliant and benefit-rich solutions out there — a powerful program that includes […]
