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How to plan for a successful Benefit Open Enrollment

The substantial amount of labor and hours involved in open enrollment season is something all too well-known to benefit administrators. But, are you making it harder than it should be? Administrators can make the open enrollment process go much more smoothly, and with a lot less intensive labor, by simply assessing the effectiveness of past […]

Debit Cards Can Be Used to Purchase OTC Drugs

Debit Cards Can Be Used to Purchase OTC Drugs Only When IRS Requirements Are Met The Patient Protection and Affordable Care Act (health care reform) limited the ability of health plans to cover over-the-counter (OTC) drugs, permitting reimbursement from flexible spending accounts (FSAs) and health reimbursement accounts (HRAs) beginning January 1, 2011, only when OTC […]

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Flexible Spending Accounts – Another Way to Add to Your Benefits

Cafeteria Plan Employee Benefit Should be Another Feather in Your Benefit Program’s Cap IRS code allows for employers to implement a pre-tax Section 125 Cafeteria Plan as an employee benefit.  This plan allows for unreimbursed insurance expenses to be paid pre-tax.  Examples include insurance premiums, doctors office co-pays, prescription co-pays, eye exams, eye glasses, contact […]

Cafeteria Plan Administrators and Why You Should Outsource

Cafeteria Plan Administrators and Why You Should Outsource Section 125 of the IRS code allows for employers to implement a pre-tax Section 125 Cafeteria Plan, which allows for unreimbursed insurance expenses to be paid pre-tax.  Examples include insurance premiums, doctors office co-pays, prescription co-pays, eye exams, eye glasses, contact lenses, laser eye surgery, orthodontics, and […]

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Cafeteria Plan Administration, Why Would You?

Cafeteria Plan Administration, Why Would You? I’d like to discuss why you would look into cafeteria plan administration and more specifically focus on Cafeteria Plan Administration vs. Paying Employees Money Directly.  One can make an argument for either, but choosing Cafeteria Plan Administration has its advantages. IRS code allows for employers to implement a pre-tax […]