Benefit Consulting Group, Inc. (989) 772-4969

Cafeteria/Flex Plan General Information for Employees

	Question: Would you rather keep more of your money for yourself or give it to Uncle Sam? Answer: Keep it! Participate in your company's cafeteria plan and use your flexible spending accounts to pay less in taxes and keep more of your money. After all, it is YOUR hard-earned money!
	Cafeteria Plan (Definition) A benefits plan that allows employees to select from a pool of choices, some or all of which may be tax-advantaged. Potential choices include cash, retirement plan contributions, vacation days, and insurance.

Look at the following cafeteria plan employee tax savings example!

	Income Before Joining The Cafeteria Plan	Income After Joining The Cafeteria Plan
Gross Salary	$3,000	$3,000
Before-tax Medical Costs	- 0	- 200
Taxable Salary	3,000	2,800
Taxes (Federal, State, FICA)	-750	-700
After-tax Medical Costs	-200	-0
Total Take-home Pay	$2,050	$2,100
SAVINGS ($2,100 - $2,050)	$0	$50 Per Month

*based on $200 per month medical deduction and $3,000 gross salary.

Jane earns income of $3,000 a month and has a group medical deduction of $200 a month. Before joining the cafeteria plan her group medical costs were deducted after-taxes.

After she chooses to join the cafeteria plan her medical costs are deducted before-taxes which results in her savings:

Her taxable salary being reduced
Her taxes being decreased
More take home pay

What will you do with an extra $50* a month/$600 a year you'll receive by participating in your company's cafeteria plan?

Employee Benefits Highlight
	Imagine getting a 20% to 40% discount on qualified medical related expenses.
	More take home pay.
	More control over your family budget.

Employees may view their individual account information in many ways.

A summary of your plan status will be attached to every check you receive
24-hour account access via the Internet, click here to visit your Cafeteria Plan Flexible Spending Account Login page.
Call a professional staff member at Benefit Consulting Group at 989.772.4969 Monday - Friday from 8:30 a.m. - 5:00 p.m..

Benefit Consulting Group On-Line is designed with you in mind. Our service is our business and it's our job to make it as easy for you to access your account information when you need it.

Under Section 125 of the IRS code, an employee is allowed to pay for his/her group health premiums, other qualified insurance premiums, un-reimbursed medical costs (prescriptions and co-pays), child and dependent care costs and more...all with tax-free dollars through a cafeteria plan. Cafeteria Plans are referred to by many names including Flexible Spending Accounts (FSA), Choice Spending Accounts, Section 125 Plans, and/or Reimbursement Accounts. By any name, participating in a Cafeteria Plan can save you a significant amount of money.

Benefit Consulting Group On-Line offers you:

24-hour Online Account Access
Downloadable Forms Online
Fast Payment of Claims
Direct Deposit
Personalized Service
Online Communication (Coming Soon!)
Online Enrollment (Coming Soon!)

Benefit Consulting Group will make your cafeteria plan safe, secure, and easy-to-access.

Click Here To View A Sample Cafeteria Plan Expenses List

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Download claim forms here

View cafeteria plan IRS.gov Medical and Dental Expenses - Publication #502

View cafeteria plan IRS.gov Child and Dependent Care Expenses - Publication #503

Contact us with all your cafeteria plan questions and our professional staff will provide you with prompt and easy to understand answers.

You can contact Benefit Consulting Group by:

Phone: 989.772.4969
Fax: 989.772.3539
E-mail: info@benefitconsulting.com

Benefit Consulting Group On-Line - Designed With You In Mind!

Phone: 989.772.4969 / Fax: 989.772.3539

Electronic/Internet Mail Address: benefits@benefitconsulting.com

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