Phrases with «cafeteria plan»

A cafeteria plan refers to a benefits program offered by some employers that allows employees to choose from a variety of different benefits options to suit their individual needs. It is named after the idea of choosing food items from a cafeteria menu, giving employees the flexibility to select the benefits that are most valuable to them. Full definition

Sentences with «cafeteria plan»

  • Essentially, employees making use of cafeteria plans receive an instant tax refund on money spent for qualified medical, dental and prescription expenses. (ovationcredit.com)
  • There's a hitch with cafeteria plans though, it's use it or lose it so don't put aside more money than you intend to spend. (robergtaxsolutions.com)
  • While typical school district plans offer a one - size - fits - all package of benefits to employees, cafeteria plans allow employees to customize their benefits within a given cost. (edunomicslab.org)
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