Sentences with phrase «cafeteria plan»

Essentially, employees making use of cafeteria plans receive an instant tax refund on money spent for qualified medical, dental and prescription expenses.

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.

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.

However, LTCi premiums may be paid through an HSA that is offered under an employer - provided cafeteria plan.

If your husband's cafeteria plan already included $ 5k for dependent care, that's it for the year.

** Everyone pays 7.65 % in Social Security and Medicare taxes, up to certain income limits, unless the HSA is offered through an employer cafeteria plan.

Compensation is defined as including bonuses, overtime, commissions, and salary deferrals for 401 (k) or cafeteria plan benefits.

If you are not currently enrolled in plans such as these, talk with your supervisor or HR department representative to see if cafeteria plans or FSAs are available to you.

These are also called cafeteria plans or flexible spending accounts (FSAs).

The exception is if the employer passes the funds through a Premium Only Cafeteria Plan 125 in which case the employer may match employees funds in the accounts or add additional funds for low wage earners.

Advising employers regarding wellness programs, cafeteria plan compliance, health savings accounts, and defined contribution health care strategies

Reviewed Cafeteria Plan Payable / Cafeteria Expense Accounts to ensure proper coding.

Correspondence / Invoicing Computerized Reporting Data Logs & Calculations Collection / Verification General Ledger Accounting Account Payable / Receivable Budget Preparation / Cost Analysis Staff Training / Development Staff Management / Mentoring Interviews / Hiring / Termination Payroll / Benefits Management Workers ¦ Compensation 401K - Plan / 125 Cafeteria Plan Medical / dental Plan Reports / Documentations Insurance Procedures Payroll Procedures Government Rules / Regulations

Ms. Levy also works with cafeteria plans, tax nondiscrimination rules and VEBAs.

Tax - qualified LTCi premiums can be reimbursed through an HSA, tax - free up to the Eligible Premium amounts listed in Table 1, even if the HSA is offered through an employer - provided cafeteria plan.

Cafeteria plans allow changes to pre-tax elections only during an employer's open enrollment period.

If workers» needs vary widely, consider the increasingly popular «cafeteria plans,» which give workers lengthy lists of possible benefits plus a fixed amount to spend.

Employers will be allowed to offer HRAs through a cafeteria plan; however, these employer contributions must be made available on a comparable basis, on behalf of all participating employees.

The Cafeteria Plan Management System, a pricey but highly efficient system that can handle all FSA - plan options.

Benefits Today, The Compensation Package, Cafeteria Plans, Fringe Benefits, Educational Assistance Programs, Educational Assistance Programs...

It is worth noting that she is not actually fully embracing the doctrine of her chosen faith, but rather going with the cafeteria plan and picking the pieces of the religion she likes.

The Promise of Cafeteria - Style Benefits for Districts and Teachers This brief by Noah Wepman, Marguerite Roza and Cristina Sepe describes how a different method of supplying benefits to employees might work for districts: cafeteria plans.

While typical school district plans offer a one - size - fits - all package of benefits to employees, cafeteria plans...

It provides the basic options for healthcare plans, cafeteria plans and funding options.

This brief by Noah Wepman, Marguerite Roza and Cristina Sepe describes how a different method of supplying benefits to employees might work for districts: cafeteria plans.

Employers are allowed to offer HSAs through a cafeteria plan.

In most cases, if you are covered by a health or accident insurance plan through a cafeteria plan, and the amount of the insurance premiums was not included in your income, you're not considered to have paid the premiums and you must include any benefits you receive in your income.

One common benefit is a Section 125 plan, referred to as a flexible spending account or cafeteria plan.

We have healthcare through my husband's work, as well as a cafeteria plan that we've already used up.

It includes tuition, cafeteria plans and dorm fees, which the school bills you for, and which must be paid if you wish to continue attending that college.

It may also list how much was withheld from your check to pay for health insurance and Section 125 plans, or cafeteria plans.

An employer may offer HSAs through a cafeteria plan.

If an employee participates in multiple cafeteria plans offering health FSA's maintained by members of a controlled group or affiliated service group, the employee's total health FSA salary reduction contributions under all of the cafeteria plans are limited to $ 2,500.

Additionally, if you are able to include insurance premiums paid by an employer - sponsored health insurance plan, cafeteria plan, or HRA (Health Reimbursement Arrangement) in Box 1 of your W - 2 Form, you may deduct those as well.

Depending on how the employer has structured the cafeteria plan, employees may reduce their salaries on a pre-tax basis for any contributions for selections in the cafeteria plan.

Employees can not claim deductions for their participation in a cafeteria plan, but participation will carry tax benefits, such as reducing taxable income.

Alternatively, some employers establish a system with which participants can use employer contributions to pay for the non-taxable benefits offered through the cafeteria plan.

From the horse's mouth: The cafeteria plan rules require that a health FSA provide uniform coverage throughout the coverage period (which is the period when the employee is covered by the plan).

A flexible spending account has its advantage as well: You can use it for dependent care as well as medical expenses, but it's part of a cafeteria plan and you lose the money that you don't spend by the end of the year (rather than it simply rolling over to the next).

If you pay the premiums of a health or accident insurance plan through a cafeteria plan, and you did not include the amount of the premium as taxable income to you, the premiums are considered paid by your employer, and the disability benefits are fully taxable.

Cafeteria plans: These are those other services that you can set aside money for — tax free, to be used later to pay for health care or child care expenses.

By paying your child care expenses out of your cafeteria plan, you're saving whatever your tax rate is so you're better off.

Cafeteria plans can be quite lucrative for employees, because the plans allow them to make contributions — using money from their pre-tax income — before the IRS takes their share.

Qualified expenses within a cafeteria plan may include health care costs (those expenses not covered by basic health insurance), dependent care assistance, transportation or commuting costs, group term life insurance and possibly additional vacation days.

The first things you should investigate are cafeteria plans.

Despite the name, cafeteria plans have nothing to do with cheap meals at work.

Similar to a cafeteria plan, some employers offer a Flexible Spending Arrangement or Flexible Spending Account (FSA).

Box W: Employer contributions (including employee contributions through a cafeteria plan) to an employee's health savings account (HSA).

It works that way because employers typically make their health plan available to employees via a Section 125 cafeteria plan.