AFFILIATED 

BENEFIT REPRESENTATIVES

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Cafeteria Plans

1) Premium Only Plan: This plan allows employees to "pre-tax" the part of all accident and health premiums that the employee currently funds (usually through payroll deduction).

 

2) Medical Reimbursement Plan: Allows employee to estimate their annual out of pocket costs for unreimbursed medical, dental, and vision costs (not covered under a heatlh plan) and put aside out of each paycheck, monies to pay for these forcasted costs. These payroll deductions are also taken "pre-tax" which again reduces the employees taxable income and allows their income to go much further in relation to paying for these unreimbursed medical costs.

 

3) Dependent Care programs: works similiar to the Medical Reimbursement plan explained above; employees okay a pre-tax deduction to their paycheck that is exactly equal to their dependent care (Day care costs for pre-school children and possibly dependent adults as well) costs per paycheck at the day care center. This again allows the employees income to go a lot further in relation to paying dependent care costs.