It’s common for employers to require employees to pay a share of premiums for many employee benefits. To take a bite of this cost-sharing requirement, many employers permit employees to pay for their ...
Have HR and benefit professionals who work for midsize employers lost their hunger for cafeteria plans in austere times? It seems that the answer depends on semantics and plan design nuances.
The Jefferson City Council unanimously approved a bill after one reading that will affect employees not on the city's health insurance plan without notifying employees beforehand. The city provides ...
A House subcommittee chairman pushed the idea of cafeteria-style benefit plans for federal employees at a hearing Tuesday, but labor leaders said the idea would simply shift costs from the government ...
When insurance benefits, such as those provided under accident and health plans and group term life insurance plans, are provided through a cafeteria plan, the benefit is the coverage under the plan.
Participants in a cafeteria plan may choose among two or more benefits consisting of cash and qualified benefits. 1 A cash benefit includes not only cash, but a benefit that may be purchased with ...
Many employers have sought to leverage or make changes to their employer-sponsored benefits to address economic and health-related burdens faced by their employees during the COVID-19 pandemic. Until ...
Section 125 cafeteria plans are relatively easy to set up and are extremely beneficial to both employers and employees, but they should not be considered “set-it-and-forget-it plans.” An increase in ...
Section 125 cafeteria plan elections are irrevocable for the plan year unless the participant experiences a change in status or other event that allows an election change under the Section 125 ...
The idea of creating "cafeteria plans" as a way to let federal employees design their own benefit packages is on the menu today at a hearing scheduled by the House civil service subcommittee. But the ...
Flexible benefit plans allow employees to choose the benefits they need from several alternatives. These plans may include health insurance, 401(k) contributions and flexible spending accounts ...