IRS Code Section 125: What It Means for Your Employee Benefits

If you’re an employer trying to offer better benefits without adding to your costs, it’s time to look at IRS Code Section 125. While it may sound like a dry tax code, it’s a robust foundation that can transform your benefits strategy, mainly when used in innovative ways through modern plans like BrightPath Advantage

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How 125 Health Plans Help You Save on Healthcare Costs

However, Section 125 health plans do not include additional benefits of PCMP. For that, you need a unique and well-structured plan like BrightPath Advantage. This flexible plan offered by BrightPath combines the benefits of a pre-tax cafeteria plan and PCMP. Let’s see what a Section 125 health plan is and how BrightPath Advantage differentiates from it.

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Understanding 125 Plans: A Smart Approach to Employee Benefi

An IRS Section 125 cafeteria plan is a pre-tax dollar-based benefits scheme whereby staff members may select among a variety of options. The name “cafeteria” stems from the adaptability of the scheme—it provides a menu of choices from which users may pick depending on their particular need. This system not only lets staff members customize their benefits package but also results in large tax savings.

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