Cash-in-lieu option must follow Section 125 IRS rules

There are times when an employer wants to make additional compensation available to employees as an alternative to the employer’s share of the premium for health insurance. Known as a cash-in-lieu-of-benefit option, the IRS has strict rules governing the practice. First and foremost, it can only be done through the employer’s Section 125 Cafeteria plan. … Continue reading Cash-in-lieu option must follow Section 125 IRS rules