cafeteria plan

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cafeter′ia plan`


n.
a fringe-benefit plan under which employees may choose from among various benefits those that best fit their needs up to a specified dollar value.
[1985–90]
References in periodicals archive ?
Benefits advisors are fighting on Capitol Hill to get owners of small businesses permission to use the cafeteria plans they sponsor.
The staff benefits firm, which employs seven workers, offers group health, dental, vision, disability, life, long-term care, voluntary benefits, cafeteria plans, health reimbursement accounts, health savings accounts and retirement services.
Cafeteria plans allow employees to pay, on a pretax basis, for individual health insurance premiums not otherwise paid for by their employer.
Defined contribution health arrangements and cafeteria plans generally allow employers to take a more proactive, top-line strategy view of benefits spending, he adds.
The Patient Protection and Affordable Care Act amended IRC Section 125 to allow eligible employers' cafeteria plans to qualify as SIMPLE cafeteria plans.
A little known provision in the PPACA contains a section making cafeteria plans better than what they used to be for all firms with 100 or less employees.
The company specializes in group medical, dental, life and disability insurance, with an emphasis on consumer-directed plans such as health savings accounts, health reimbursement arrangements and cafeteria plans, Arthur J.
Larger employers (or their benefits and payroll administrators) commonly establish premium-only cafeteria plans to shelter the portion of the group insurance premium that is paid by employees.
Authorized by Section 125 of the Internal Revenue Code, cafeteria plans permit employers to offer voluntary benefits on a pre-tax basis.
Small Employers May Establish 'Simple' Cafeteria Plans: The new law will provide an eligible small employer with a safe harbor from the nondiscrimination requirements for cafeteria plans and from the nondiscrimination requirements for specified qualified benefits offered under a cafeteria plan--including group term life insurance, benefits under a self-insured medical expense reimbursement plan and benefits under a dependent care assistance program.
The notice also states that employers with cafeteria plans may permit employees to immediately make pre-tax salary reduction contributions to provide coverage for children under age 27, even if the cafeteria plan has not yet been amended to cover these individuals.
A cafeteria plan (or "flexible benefit plan") is a written plan in which all participants are employees who may choose among two or more benefits consisting of cash and "qualified benefits.