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
