Glynn Griffing & Associates offers a wide range of services associated with Section 125 Cafeteria Plans including:
- Medical Reimbursement/Medflex/Flexible Spending Accounts
- Dependent Care Reimbursement/Careflex
- Premium Only Plans
- Debit Cards
Medical Reimbursement Accounts (Health FSAs)
Health FSAs allow employees to set aside tax-free dollars to pay for out-of-pocket medical expenses that are not covered by insurance or another third party. Eligible expenses include co-pays, deductibles, medical expenses, vision care, dental expenses, and prescription drugs.
Dependent Care Reimbursement
Dependent Care FSAs allow employees to set aside tax-free money to pay for dependent care that enables the employee and their spouse to be employed or attend school full-time. Typical Dependent Care providers include child care centers, nursery schools, summer day camps, pre-school care, after-school care, and private sitters who are not the employee’s dependent.
Premium Only Plans
The Premium Only Plan (POP) enables employees to pre-tax eligible insurance premiums such as health insurance, term life insurance, dental insurance, and vision insurance. By participating in this program, employees can reduce their tax liability and increase their take-home pay.
FSA Debit Cards provide participants with a convenient method for spending the money in their FSAs and reduce their out-of-pocket costs. The FSA Debit Card can be used by plan participants to pay for eligible expenses at qualified locations including doctors’ offices, pharmacies, online drug stores, dentist offices, optical shops, hospitals, and day care facilities.