Cafeteria Plans

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    To a great extent, you may have to swallow the cost of rising health care benefits. But one alternative that many employers are taking advantage of is the cafeteria plan. These plans can reduce your costs and give employees more choice and flexibility of benefits. Unlike traditional one-size-fits-all benefits – which offer employees a...

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    Cafeteria plans, commonly referred to as Section 125 plans, and flexible spending accounts give employees a pre-tax way to pay for certain health-related and dependent-care expenses. Such plans are becoming very popular for employers of all sizes. Recently, Bank of America reported a 34-percent surge in its health savings business, adding 50,...
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