Does Your Section 125 Plan Document Cover All Eligible Benefits
If you’re offering a Section 125 health insurance plan at your company, that’s a smart move. These pre-tax benefit programs are a win-win: they reduce payroll taxes for your business and increase take-home pay for your team. But here’s the thing: just having a plan in place isn’t enough. What really matters is what’s inside […]
Everything You Need to Know About Cafeteria Plan Deductions and Section 125 Documents
Knowing every detail about the Section 125 plan document is crucial for the employer and employees. With a thorough understanding of the plan, the employer can formulate an effective and comprehensive plan that offers maximum benefits. Likewise, with a deep knowledge of the plan, the employees can choose the cafeteria 125 plan deductions and pre-taxable […]
What’s the Difference Between a Flexible Spending Account Section 125 and a Traditional FSA?
What’s the Difference Between a Flexible Spending Account Section 125 and a Traditional FSA? Many other employers may use other kinds of upcoming tax-deductible wellness benefits, like a Flexible Spending Account. So, what is the difference between a Section 125 Flexible Spending Account and a traditional FSA? People often use the words as if they […]
Give Your Employees More Choices with Section 125 Cafeteria Plans!
With today’s competitive job market, it’s no longer sufficient to provide employees with simply health insurance and paid time off. Employees want true value benefits that enhance their day-to-day lives, contribute to their well-being, and put more money in their pockets. That’s where Core360 by Health Sphere comes in. Core360 is not your average benefits […]
How Section 125 Plans Help Both Employers and Employees Save on Taxes
In today’s competitive workplace, it’s no longer enough to offer traditional health benefits. Rising premiums, administrative burdens, and limited tax advantages are leaving employers and employees searching for more. That’s where Core360 by Health Sphere steps in bringing together the power of a Section 125 framework, a fully managed Preventative Care Management Plan (PCMP), and […]
Which Expenses Qualify Under Section 125 Allowable Expenses?
Which Expenses Qualify Under Section 125 Allowable Expenses? For employers and HR leaders looking to strengthen their benefits offerings without added cost, understanding Section 125 allowable expenses is key. Even more important is knowing how to maximize those benefits with a solution like Health Sphere’s Core360 plan—a fully compliant, automated program that leverages Section 125 […]
Can a Section 125 Agreement Really Improve Your Employee Benefits Package?
Can a Section 125 Agreement Really Improve Your Employee Benefits Package? In a time when the quality of employee benefits can make or break your firm’s ability to hire and keep the best people on your team, many business leaders are on a quest for new, balanced, and affordable ways of providing more value to […]
Are Section 125 Tax Savings Still a Smart Move in Today’s Economy?
Are Section 125 Tax Savings Still a Smart Move in Today’s Economy? Every dollar matters to both employees and employers in our current fiscal period, as pre-tax savings have emerged as an imperative concept. The traditional Section 125 plan has historically offered tax relief benefits; however, modern employees require more advanced financial support systems. That’s […]