Notice To All Employers:
Section 125 Premium, FSA, and HRA Plans should be updated to comply with recent changes in the Code and PPACA federal health care law.
Core Documents has completely updated all Section 125 Cafeteria and HRA Plan Documents in accordance with new IRS Code and Patient Protection and Affordable Care Act (PPACA), commonly called Obamacare (or the federal health care law), making sweeping changes to numerous Section 125 Cafeteria and HRA Plan provisions. All Employers who sponsor a standard Premium Only Plan; or Health FSA; Dependent Care Assistance FSA; or a Health Reimbursement Arrangement (HRA Plan) or any combinations of these Plans need to update their existing Plan Documents by January 1, 2013. These new regulations will effect the way Employers administer their Cafeteria and/or HRA Plans. Plan Documents that are out of compliance could be disallowed due to new changes.
About Core Documents, Inc.
Since 1997 Core Documents has been the primary source in the US for affordable IRS and DOL compliant Section 125 plan documents that allow employers and their employees to pretax, or avoid paying income tax on group health insurance premiums, healthcare expenses not covered by insurance, dependent and adult daycare, as well as parking and commuter expenses. The Internal Revenue Service under Section 125 of the Code maintains that employers must establish a written plan document before these tax deductions are taken. The Department of Labor requires employers to establish a Summary Plan Description or SPD in easy to understand language that should be distributed to every employee participating in the plan. Core Documents provides employers with everything they need to be fully compliant with these requirements. Core’s Section 125 plan documents are custom prepared for each client. These are not “fill-in the blank” or “check-box” templates.
$129 Section 125 Cafeteria FSA Plan Document Package Includes:
Employers nationwide are saving thousands in federal and state payroll taxes by adopting the Core FSA Flexible Spending Account (FSA) Cafeteria Plan Documents to reimburse healthcare and dependent care expenses before taxes are calculated. Employers save matching FICA (7.65%). Employees save by eliminating all taxes on out-of-pocket medical expenses and dependent care expenses.
Section 125 Cafeteria FSA Plan Document Package – Section 125 Cafeteria FSA Cafeteria Documents are personally prepared for each client in PDF format emailed for $129, or $179 in the deluxe printed version in a 3-ring binder via email and Priority Mail. The Section 125 Premium Only Plan can be combined with either the Health FSA or the Dependent Care FSA Plans. The Section 125 Cafeteria FSA Plan Document should be accepted and signed by an Officer of the Company and kept on file for review by employees, accountants, IRS, etc.
Section 125 Cafeteria FSA Employee Election Forms and Claim Forms – Personalized specifically for your Company forms will include the Salary Reduction Agreement, Benefit Claim Forms, and Election Change Forms.
OPTION: Dependent Care Assistance FSA Plan Document – Includes necessary documents to establish a Section 129 Dependent Care Flexible Spending Account. Also includes all administrative forms customized for each client including: Employee Election Form to participate in the Dependent Care Flexible Spending Account, Change Forms, and Claim Forms. Includes Summary Plan Description and Question and Answer Section for distribution to each employee.
OPTION: Health FSA Plan Document – Includes the necessary Cafeteria FSA plan documents to establish a Health Flexible Spending Arrangement. Also includes all administrative forms customized for each client including: Employee Election Form to participate in the Medical Expense Reimbursement Flexible Spending Account, Change Forms, and Claim Forms. Includes Summary Plan Description and Question and Answer Section for distribution to each employee.
Section 125 Cafeteria Plan Administrative Handbook – Includes sections on Section 125 Cafeteria Flex Plan Administration, Non-Discrimination Testing, and Reporting and Disclosure information. You will be provided with instructions regarding Section 125 Cafeteria FSA plan setup, maintenance procedures, etc.
Section 125 Cafeteria FSA Plan Corporate Resolution – Includes minutes of the Corporate Board meeting to adopt the Section 125 Cafeteria FSA Plan as an employee benefit.
Refund Policy: Purchaser understands that goods and services provided by Core Documents, Inc. are non-refundable. Orders cancelled prior to shipping are subject to cancellation fees applied to the cost of goods and services provided during the review, draft, and preparation of your order.
Download the Core Documents Section 125 Cafeteria Plan Employer Guide HERE