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Cafeteria Plans for Your Business

Provide employees with a flexible solution to use pre-tax dollars on a variety of medical and dependent care expenses.

Cafeteria plans, also called flexible spending accounts (FSAs), allow employees to use pre-tax dollars to pay medical insurance premiums, out-of-pocket medical expenses and dependent care expenses.*

Cafeteria plans earned their nickname from the flexibility they give employees in choosing from a menu of benefits. With a cafeteria plan, employees authorize employers to deduct a fixed amount or percentage from their before-tax income.

  • Contributions are made to a reimbursement account that is used to pay for qualified expenses
  • Out-of-pocket medical expenses that aren’t covered by insurance (for example: office co-payments, prescriptions, over-the-counter drugs) can be run through the plan
  • The dependent care FSA is an attractive benefit for employees who pay for child-care or long-term care for their parents
  • Group life insurance premiums that employers do not reimburse may be an eligible expense
  • Contributions are exempt from federal income taxes and payroll taxes

Cafeteria Plan Contact Us Form

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