Healthcare plans today are becoming increasingly complex, with more demand from employees for additional choices, greater flexibility, and a higher level of customization. Many of these new healthcare plans are offered as Section 125 plans (also called cafeteria plans) under Internal Revenue Service (IRS) code.
For the employer, these new plans have significant tax advantages but also have created an additional administrative burden that often cannot be easily managed by in-house staff because of numerous design and reimbursement options, complex reimbursement handling, and complicated IRS laws and procedures.
Alliant Employee Benefits provides a convenient, one-stop solution to ease this administrative drain through its comprehensive Section 125 administration services. We can manage all levels of Section 125 plans and are experts in the intracacies of the qualified benefits that comprise these plans, including:
- Flexible spending accounts
- Healthcare
- Dependent care
Accident and health benefits
Adoption assistance
Group-term life insurance coverage