In 2014, the Internal Revenue Service expanded the events that would allow employees to drop their health plan coverage under their employer’s cafeteria plan. As a reminder, the general rule is that ...

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.

Under new IRS guidance, an employer may amend its cafeteria plan to allow for up to $500 of unused amounts remaining in a health flexible spending account (FSA) at the end of a plan year to be carried ...

WASHINGTON – A U.S. Treasury Department regulation released in August has clarified tax provisions that allow employees to make contributions toward the cost of individual health plans and pay for ...

One of the most underrated and underused employee benefits available for small businesses today is outlined in section 125 of the U.S. tax code. A section 125 or “cafeteria” plan allows employees to ...

Cafeteria plans are a flexible way for employers to offer employees a variety of nontaxable health benefits. However, certain cafeteria plans and other benefit plans are subject to ERISA standards for ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. We don’t know which employer was the first to offer a ...