Flexible Benefit Plans are often referred to as Section 125 Plans, Cafeteria Plans, or Flexible Spending Accounts.

These plans allow you to pick and choose from a variety of insurance benefits and reimbursement accounts that best meet your individual needs. Many of these benefits can be placed under the Cafeteria Plan, which means they will be deducted from your paycheck pre-tax. When you use pre-tax dollars to pay for these expenses, you will realize an increase in spending power and substantial tax savings. Employer sponsored payroll deducted insurance premiums can qualify for your cafeteria plan. You can also save tax dollars by participating in medical reimbursement and dependent care reimbursement plans. Take advantage of several benefits that can increase your spending accounts.