Section 125 Administration
As healthcare costs skyrocket, a Flexible Spending Plan becomes more valuable for your employees. School district employees get a tax break by paying certain qualified insurance premiums with pre-tax dollars rather than after-tax dollars. In addition, employees can save taxes on un-reimbursed medical, dental and vision expenses as well as dependent care expenses.
Your employees can enjoy tax savings of 20% to 40% or more with flexible spending benefits!
FTJ's Section 125 administrative department helps prepare the necessary forms required by the IRS, handles dependent care and medical reimbursement accounting and answers any questions your employees may have. Our Web site allows employees to view their account status on-line. We also offer a variety of voluntary benefits that employees can purchase through payroll deduction on a pre-tax basis. Our voluntary benefit package includes insurance products employees are asking for such as:
- Term life
- Disability Income
- Accidental Death and Dismemberment
To find out how your School District can start or change an existing Flexible Spending Plan, contact us.