|
For Your Benefits understand that a growing
business has different needs than a mature business. Our goal is to
help you as you grow. We have the experience to guide you every step
of the way as your business matures.
Just the other day, the benefit needs of most
employees were pretty basic. But today, you and your employees need a
benefit program that offers choice. And considering today's rising
health care costs and the difference of your employee's needs, those
benefit choices must be both flexible and affordable. For Your
Benefits understands the choices you need in a benefit program, and is
ready to help.
For Your Benefits has relationships with some
of the largest carriers offering a variety of benefits for your
employees. Most of these carriers will implement a Section 125 plan
for you at no charge for a premium only plan more commonly known as a
POP.
Please consider Section 125 for you and your
employees. [More]Section 125 of the Internal Revenue Code was
created in 1978 by the United States Congress in an effort ot make benefit
programs affordable for employees. A Section 125 plan
can:
- Increase spendable income for
employees
- Increase benefit affordability for
employees
- Reduce employer payroll taxes
- Tailor benefit programs to employees'
needs
- Expand employee benefit programs
- Improve understanding of employee
benefits
With Section 125, you can offer your
employees the choice to pay for their insurance premiums with
before-tax dollars. When premiums are deducted from
employees' salaries before taxes are calculated, their taxable income goes
down and their spendable income goes up. Here are some of the
benefits that qualify to be included in your Section 125 plan:
Accident and Health Insurance
Premiums
Medical Reimbursement Accounts
Group Term Life Insurance
Premiums
401K Programs
Dependent Care
Reimbursement Accounts
While your employees are enjoying more
spendable income, your business can be saving money, too. Since
Section 125 reduces taxable income for the emloyees who participate, your
matching Social Security payment for each of these employees is lowered at
the same time. A WIN - WIN situation for both
parties!
For Your Benefits can help you implement a
Section 125 plan simply and conveniently, without changing your current
schedule of benefits. Let us help you by contacting us today for a
complete Benefit Audit at no charge to you!
|
