Ad
related to: what are cafeteria 125 plans examples for employees pictures of people
Search results
Results from the WOW.Com Content Network
A cafeteria plan - also known as a Section 125 plan, after the portion of the IRS code that regulates the plans - lets employees redirect part of their salaries and wages to pay for certain benefits.
A cafeteria plan or cafeteria system is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. [1] Its name comes from the earliest versions of such plans, which allowed employees to choose between different types of benefits, similar to the ability of a customer to choose among available items in a cafeteria.
The surcharge is applied when an employer does not arrange for a pre-tax payroll deduction system for health insurance (a Section 125 plan, or a "cafeteria plan"), and has employees who receive care that is paid from the uncompensated care pool, renamed in October 2007 as the Health Safety Net. [30]
Researchers from the Centers for Disease Control and Prevention studied strategies to prevent cardiovascular disease and found that over a two- to five-year period, companies with comprehensive workplace wellness programs and appropriate health plans in place can yield $3 to $6 for each dollar invested and reduced the likelihood of employee ...
For premium support please call: 800-290-4726 more ways to reach us
Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here.
Many employer-provided cash benefits (below a certain income level) are tax-deductible to the employer and non-taxable to the employee. Some fringe benefits (for example, accident and health plans, and group-term life insurance coverage (up to US$50,000) (and employer-provided meals and lodging in-kind, [22]) may be excluded from the employee's ...
"Just here to say that my kids talk about ‘Chef Jen’ more than any other employee in their entire 6 years of elementary school. Those ladies make a MASSIVE difference!" one person wrote.
Ad
related to: what are cafeteria 125 plans examples for employees pictures of people