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Also referred to as a Cafeteria Plan, this benefit allows the employee to pay for certain expenses (i.e., health care expenses, dependent care expenses, dependent premiums, voluntary benefit premiums) using pre-tax dollars. This account is set up using pre-tax dollars through payroll deduction. Original receipts must be submitted to the cafeteria plan administrators, and then payment is made to the employee for reimbursement of incurred expenses.
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