Section 125 (Flexible Spending Account)
Defined benefit plans versus traditional plans focus on the
development of a healthier employee population, which
creates a healthier and more productive workforce. This
program incorporates the following:
Section 125 Flexible Spending Arrangement (FSA)
- Grace Period - 2 month and fifteen day extension
- $500 Unreimbursed Healthcare Maximum Carry Over
- Premium Only Plan
- Prohibition of FSA Stand Alone Plans
- Qualifying Event $500 Unreimbursed Healthcare
Maximum Carry Over
- Health Reimbursement Arrangement (HRA)
- IEBP provides discrimination testing per request
- Prohibition of HRA Stand Alone Plans
- Retiree Reimbursement Arrangement (RRA)
- Health Savings Account (HSA)/High Deductible
Plans
- Consumer Centered Pool Plan Options