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NOTE: CATHOLIC MUTUAL MUST RECEIVE APPLICATION AT LEAST 15 DAYS PRIOR TO EVENT. DO NOT SUBMIT APPLICATIONS MORE THAN 6 MONTHS IN ADVANCE. THE ROMAN CATHOLIC BISHOP OF SAN BERNARDINO, A CORPORATE SOLE,
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Cost of coverage 125 refers to the amount an employee must pay for their portion of health insurance coverage under a Section 125 cafeteria plan.
Employers offering a Section 125 cafeteria plan are required to report the cost of coverage 125 for their employees.
Employers can fill out the cost of coverage 125 by calculating the total monthly or yearly premium amount paid by the employee for health insurance coverage.
The purpose of cost of coverage 125 is to provide employees with transparency on how much they are contributing towards their health insurance coverage.
The cost of coverage 125 must include the monthly or yearly premium amount paid by the employee for health insurance coverage.
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