A section 125 premium only plan is is required by the department of labor for employees to receive pre-tax deductions on their group health insurance premiums. It is important to have the document in case employees ask for it or the department of labor decides to audit you.
Grouphealthflorida.com has partnered with Ceridian to service all your Section 125 Cafeteria Plan needs at a discounted rate . They also provide full administration for employees to utilize their flexible spending accounts. The is a one stop easy shop for any small business owner that does not have the time and knowledge to set up and administer a section 125 plan.