Ways To Save
tax

Premium Only Plan (POP)
• Often called a POP plan. A Premium Only Plan allows premiums paid by employees to be deducted prior to withholding taxes. The Employee paid premiums for Health, Dental, Vision and Group-Term Life (up to $50,000) are eligible.
Health Care Spending Account
• Allows employees to reduce their salary to pay for expenses not covered by insurance, such as: deductibles, co-pays, dental care (orthodontia, caps, root canals), vision (LASIK surgery, exams, eyeglasses, contacts and solution, eye surgery), prescription drugs, mental healthcare and chiropractic services. Employee annual elections are available for reimbursement from the first day of the plan year.
Health Reimbursement Arrangement (HRA) Section 105
• HRAs allow an employer-funded account to repay the unreimbursed medical expenses of employees along with the option to carry unused funds forward to the next plan year. HRA accounts may reimburse any or all of the same expenses as a Section 125 Health Care Spending Account. HRAs are a cutting edge benefit that can be customized to fit your needs.
Dependent Care Spending Account (DCAP)
• Adult and child daycare expenses (includes in-home, daycare and private sitter) to care for a dependant while the employee and spouse (if married) are working. Provides a maximum of $5,000 in benefits for one or more dependents.
Adoption Assistance Program
• Qualified adoption expenses include those fees and related expenses incurred for the adoption of a qualified child.
Transportation Spending Account
• Tax-free reimbursement to pay for transit passes, parking, and commuter highway vehicle expenses. Although these "qualified transportation fringe benefits” cannot be included as part of your cafeteria program, they work in much the same manner. During the year, employees are reimbursed from this account as they incur transportation expenses.