Section 125 plans are benefits that are offered to employees to enroll in that they pay for through a payroll deduction from their earnings. There is no direct cost to the employer for these coverages. This is the way that many companies offer their employees benefits like dental, vision, critical illness, hospital indemnity and life insurance.
Section 125 Plans have been a staple in the group benefits market for a long time. The idea of offering a benefit that the employer does not have to pay for sounds very intriguing to many businesses. The VALUE of these plans have more to do with the quality of the underlying products and the value for the employee that is actually paying for them. We take the approach that one size does not fit all. We look to customize your Section 125 offerings based on your unique parameters of your workforce and the other benefits that are satisfied with your Group Health and other plans.
To streamline your Section 125 Plans to give you the best value for your workforce, let us begin with a conversation.