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 […]
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, […]
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 […]
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 […]
What Qualifies as a Life Event Under a 125 Plan?
Section 125 plans, also known as cafeteria plans, offer powerful tax savings by allowing employees to pay for certain benefits with pre-tax income. But once employees enroll, when can they make changes to their elections? That’s where qualifying life events come in. Under IRS rules, employees can only adjust their pre-tax benefit elections outside open […]
How Does Section 125 Insurance Save You Money?
Healthcare costs are rising. Tax burdens feel heavier. And both employers and employees are searching for smarter ways to protect their wallets without compromising coverage. That’s where a Section 125 insurance plan comes in. Also known as a 125 insurance plan, this strategy allows employees to pay for qualifying health benefits using pre-tax income. That alone […]
What Are the Real Benefits of a 125 Plan?
If you’re an employer navigating the rising cost of healthcare, you’ve likely heard of Section 125, but what do these plans really do? Beyond IRS compliance and pre-tax deductions, the modern Section 125 wellness plan can be a powerful tool to cut costs, boost retention, and offer life-changing benefits to your team. At Health Sphere, […]
What Options Do Employers Have for Customizing Benefits in Section 125 Cafeteria Plans?
With employee benefits, flexibility is the name of the game. Not every worker needs the same coverage, and not every company can afford to give out a one-size-fits-all plan. That’s where Section 125 cafeteria plans save the day. They allow employees to choose those benefits that best fit their unique situation, while allowing employers to […]
Is a Section 125 Pre-Tax Plan Right for You?
If you’re exploring more innovative ways to offer health benefits without increasing overhead, the Section 125 pre-tax plan might be precisely what your business needs, especially when it’s part of a comprehensive, automated solution like Health Sphere’s Revive and Thrive plans. Designed to reduce tax burdens and enhance employee benefits without raising costs, these plans […]