125 Plans: What is a Flexible Benefit Plan?

A Flexible Benefit Plan is an employer sponsored plan for tax-advantaged benefit accounts regulated under sections 125 and 132 of the Internal Revenue Code. A Flexible Benefit Plan is a great way for you to save your hard-earned money. Flexible Benefit Plans include:

  • Flexible spending arrangement (FSAs)
  • Health reimbursement arrangements (HRAs)
  • Health savings accounts (HSAs)
  • Dependent care assistance (DCAs)
  • Commuter accounts (transit/parking)
  • Medical and Dental premium benefits
  • Accident, Health and Group Term-Life insurance benefits
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