What is Cafeteria Plans?
Some US firms have cafeteria plans, often known as flexible benefit plans. Employees can create a unique package by selecting from pre-tax advantages like insurance. Through a salary reduction agreement, employees designate a portion of their pre-tax income for benefits like health or dental insurance. This reduces taxable income, which may result in tax savings. Contributions to dependent care programs, HSAs, and FSAs are also permitted under cafeteria plans. Regulated by the IRS. They offer benefits that are flexible and customizable to meet individual needs, and they may even lower taxes.
Contact us to learn more about the right cafeteria plans insurance for you.
Contact us to learn more about the right cafeteria plans insurance for you.