Cafeteria insurance plans allow your employees to keep more of their paycheck

Cafeteria Plans are very popular and most companies have one in place in some shape or form. If you don’t have one in place, they are very inexpensive and easy to set up. The whole idea of the plan is to avoid taxation on certain benefits for the employees. The IRS does this  through section 125 of the code. Some of the benefits that you can avoid taxation on are:

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Unreimbursed Medical Expenses
  • Dependent Care
  • Etc…