Also known as Section 125 or Flexible Spending Accounts (FSA) is an IRS recognized program to facilitate employee payment of certain unreimbursed health care and dependant care expenses on a pre-tax basis.
Qualified expenses include covering premiums for employees and their dependents as well as qualified medical expenses not covered by insurance. Dependent care can also be a qualified expense through a cafeteria plan. For a full listing of qualified and non-qualified expenses you can go to www.irs.gov.
For the employer the benefits include payroll tax and worker’s compensation savings on pre-tax deductions. It can also help with recruitment as a valuable addition to a benefits package. For the employee there is a tax saving on amounts paid for qualified expenses.
COBRA Administrator
Creative Results Unlimited is proud to announce that we are ready and able to be your COBRA Administrator following the passage of the American Recovery and Reinvestment Act of 2009 that drastically changed COBRA.For more information please visit www.creativeresultsunlimited.com