What Is Section 125 and Why Should You Consider It for Your Benefits Package?
Let’s be real: offering a competitive benefits package used to mean shelling out more money. But what if you could offer your employees better coverage and save your business money at the same time? Sounds too good to be true? Not with Section 125. Whether you’re a business owner, HR expert, or simply interested in […]
How Section 125 Pre-Tax Plans Work with HSAs, Health Sphere’s Revive & Thrive
You’ve undoubtedly heard of a Section 125 pre tax plan if you’re an employer or employee searching for more efficient ways to maximize your benefits funds. Health Savings Accounts (HSAs) may also be familiar to you. Although both offer significant tax benefits, it can be difficult to comprehend how they complement one another and how […]
Why Do Employers Say Section 125 Plans Now Include Mental Health and Telemedicine?
When employers want to cut costs while offering meaningful perks, 125 plans employee benefits provide a proven solution. These plans reduce payroll taxes for businesses while giving employees better access to care and support. What makes them stand out today is how modern plans go beyond the basics. With options like family coverage, mental health […]
How Do Employers Gain from Offering Section 125 Plans?
When a business is trying to cut down on waste and find more efficient ways to operate, tax savings can feel like one of the few areas where there’s still room to breathe. Section 125 cafeteria plans aren’t a new idea, but more employers are realizing that they can be a quiet workhorse in an […]
What Is a Section 125 Cafeteria Plan?
A Section 125 cafeteria plan might sound complicated, but it’s really just a smarter way for employers to offer benefits and for employees to save on taxes. Instead of taking a cookie-cutter approach, it gives workers a menu of benefit choices. That’s where the name “cafeteria” comes from. Employees pick and choose what they want, […]
Is 125 Health Insurance Really Pre-Tax?
If you’ve heard the term 125 health insurance plans, you may be wondering what it actually means, and more importantly, whether it really offers pre-tax savings. The answer is yes, but the story goes deeper. A 125 health insurance plan, also known as a Section 125 plan or cafeteria plan, is more than just a […]
What Events Count for IRS Section 125 Changes?
Section 125 plans give employers and employees a powerful way to manage health and wellness benefits while maximizing tax savings. But what happens when life changes? Can employees adjust their elections mid-year? The IRS has clear rules for this. Under a Section 125 cafeteria plan, changes to benefit elections are typically only allowed during open […]
How Much Tax Can You Save With Section 125?
If you’re an employer looking to reduce overhead or an employee searching for ways to maximize your paycheck, the Section 125 tax benefit could be the smartest tool you haven’t fully used yet. Health Sphere’s Revive and Thrive plans were built to unlock the full potential of Section 125 tax savings, but without the administrative […]
Do You Need a Plan Document for Section 125?
If you’re offering a Section 125 benefits program to your employees, having a written Section 125 plan document isn’t just a good idea, it’s a legal requirement. Whether you’re rolling out a premium-only plan or a robust, compliant wellness program like Health Sphere’s Revive or Thrive, documentation is key to staying compliant and protecting your […]
What’s Included in a Section 125 Flexible Benefits Plan?
If you’re an employer looking for a smarter, more cost-effective way to deliver healthcare and wellness benefits, a Section 125 flexible benefits plan may be exactly what you need. But what does it actually include? At its core, a 125 flexible benefits plan, often called a cafeteria plan, lets employees choose from a variety of […]