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INSURANCE and CAFETERIA PLAN INFORMATION20222023FULL TIME CERTIFIED AND CLASSIFIED OVER 37.5 Hours MUST COMPLETE a SEPARATE enrollment/waiver form for Health, Life, Dental and Vision Insurance benefits

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How to fill out section 125 cafeteria plan

01

Obtain the necessary forms from your employer

02

Decide on the pre-tax benefits you want to participate in (health insurance, flexible spending account, etc.)

03

Fill out the forms with your personal information and benefit selections

04

Submit the completed forms to your employer within the specified deadline

Who needs section 125 cafeteria plan?

01

Employees who want to take advantage of pre-tax benefits offered by their employer

02

Employers who want to provide their employees with the opportunity to save money on healthcare and other expenses

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What is section 125 cafeteria plan?

A section 125 cafeteria plan is a type of benefits plan that allows employees to choose between taxable cash and non-taxable benefits.

Who is required to file section 125 cafeteria plan?

Employers with cafeteria plans are required to file section 125 cafeteria plans.

How to fill out section 125 cafeteria plan?

Section 125 cafeteria plan must be completed by the employer and include information on the benefits offered, employee contributions, and other plan details.

What is the purpose of section 125 cafeteria plan?

The purpose of section 125 cafeteria plan is to provide employees with the ability to pay for certain benefits with pre-tax dollars, saving on taxes.

What information must be reported on section 125 cafeteria plan?

Section 125 cafeteria plan must report details on benefit options, employee contributions, plan documents, and compliance with IRS regulations.

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