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Tcgservices. com for additional information. Contacts BENEFIT VENDOR PHONE WEBSITE DEPENDENT ELIGIBILITY AGE Medical TRS ActiveCare 800. 222. 9205 www. trsactivecareaetna.com To age 26 Mail order prescriptions CVS/Caremark www. caremark. com/trsactivecare Dental MetLife 800. 942. 0854 www. metlife. com/dental Vision Superior 800. 507. 3800 www. Tcgservices. com. Employees who select a general purpose FSA or whose spouse has a general purpose FSA cannot have an HSA too. 222. 9205 www....
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How to fill out section 125 cafeteria plan
How to fill out section 125 cafeteria plan
01
Gather all necessary information such as employee names, social security numbers, and employment start dates.
02
Determine the specific benefits that will be offered through the cafeteria plan, such as health insurance, flexible spending accounts, and dependent care assistance.
03
Educate employees about the cafeteria plan and its benefits, ensuring they understand how to make selections and fill out the necessary forms.
04
Provide employees with the necessary enrollment forms and documentation, clearly explaining the deadlines and any required contribution amounts.
05
Assist employees in reviewing their options and making informed decisions based on their individual needs and circumstances.
06
Collect the completed enrollment forms from employees, ensuring they are accurately filled out and signed.
07
Submit the completed forms to the plan administrator or insurance provider within the designated time frame.
08
Periodically review and update the cafeteria plan as needed, communicating any changes to employees and providing additional support if required.
Who needs section 125 cafeteria plan?
01
Employers who want to offer their employees a range of pre-tax benefits.
02
Employees who want to save money on eligible expenses by taking advantage of pre-tax deductions.
03
Employees who have dependents and need assistance with dependent care expenses.
04
Employees who want access to flexible spending accounts for healthcare expenses.
05
Employers who want to attract and retain top talent by providing comprehensive employee benefits.
06
Businesses of all sizes, from small companies to large corporations, can benefit from implementing a section 125 cafeteria plan.
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What is section 125 cafeteria plan?
A section 125 cafeteria plan is a benefit plan that allows employees to choose between receiving cash or taxable benefits like health insurance.
Who is required to file section 125 cafeteria plan?
Employers with section 125 cafeteria plans are required to file the plan.
How to fill out section 125 cafeteria plan?
Section 125 cafeteria plans can be filled out by following the instructions provided by the IRS and using the appropriate forms.
What is the purpose of section 125 cafeteria plan?
The purpose of a section 125 cafeteria plan is to provide employees with options for benefits that best suit their individual needs.
What information must be reported on section 125 cafeteria plan?
A section 125 cafeteria plan must include information about the benefits being offered, employee contributions, and other relevant details.
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