Section 125

Premium Only Plans

Allows you to save the taxes on the cost of your company-sponsored health insurance premiums. These premiums would include health insurance, dental insurance, vision insurance and supplemental policies. The employees save the Federal Withholding, Social Security and Medicare tax on the wages used to pay for the premiums. The employer saves the 7.65 percent Social Security and Medicare tax on the portion of wages used to pay these premiums. It is a Win - Win for both the employee and the employer.

Flexible Spending Accounts

FSA plans are a great way to increase your paycheck and save on the cost of un-reimbursed medical expenses such as medical co-pays, prescription costs, deductibles, dental and vision expenses for you and your family.

Dependant Care Accounts

You can save on the cost of child or elder care expenses. "Qualifying" expenses as determined by the Internal Revenue Code must be expenses for adults or children. The children must be under 13. The expenses must be incurred to enable you and your spouse to be gainfully employed. The annual limit is $5,000.00.

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