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 […]
Is Your Health Plan as Tax-Efficient as It Could Be?
Health plans aren’t just about coverage anymore—they’re about cost efficiency, compliance, and employee satisfaction. And for many companies, the big question is: are we maximizing every tax-saving opportunity available? If you’re not leveraging a modern, integrated program like Health Sphere’s Core360, the answer is likely no. Let’s unpack what makes Core360 one of the most […]
What’s the Real ROI of Offering Section 125 Benefits?
With today’s competitive job market, businesses can no longer afford to provide antiquated benefits. They require smarter, more effective solutions that enable their people and their bottom line. That’s where the Core360 program from Health Sphere can help. Core360 isn’t just a simple cafeteria plan. It’s a highly managed, contemporary solution that takes advantage of […]
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 […]
How a 125 Flexible Benefits Plan Can Help Your Business and Employees Save Money?
How a 125 Flexible Benefits Plan Can Help Your Business and Employees Save Money? In today’s competitive hiring landscape, companies are looking for smarter, leaner ways to improve employee well-being, reduce overhead, and retain top talent. But what if there were a way to do all of that, without increasing your benefits spend or touching […]
Can Pre-Tax HSA Contributions Give Your Company a Competitive Edge?
Modern employees who seek jobs focus on receiving meaningful benefits packages that enhance their financial security and health situation, besides personal wellness. Workers are currently seeking expanded benefits from their employers beyond earnings, as this workplace evolution presents organizations with both a challenge and an opportunity. Employers should utilize HSA contribution pre tax arrangements as […]