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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexible spending account. Flexible spending accounts.

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Increase Your Financial Well-Being Through Medical Savings

Benefit Resource Inc.

One such way is by utilizing health savings accounts (HSAs) and flexible spending accounts (FSAs). The HSA is combined with an HSA-qualified health plan (also referred to as a high deductible health plan). The health plan is designed to provide comprehensive coverage once the deductible and out-of-pocket maximum is met.

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What is a cafeteria plan? (Hint: It’s not related to lunch)

Benefit Resource Inc.

One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Types of expenses the FSA can pay for include co-pays, deductibles, and even some vision and dental expenses. Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

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What is a cafeteria plan? (Hint: It’s not related to lunch)

Benefit Resource Inc.

One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Types of expenses the FSA can pay for include co-pays, deductibles, and even some vision and dental expenses. Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. Deductions must be set up in payroll and carrier invoices must be paid each month.