Flexwise™ Cafeteria Plan Administration

Did you know...

That a Cafeteria Plan is an excellent program under current law for providing your employees with the optimum in fringe benefits while saving you and your employees hundreds, possibly thousands of dollars in taxes? Click here to see how it works.

A Cafeteria Plan, also known as a Flex Plan or a Section 125 Plan, allows employees to pay health insurance premiums, medical expenses not covered by insurance (e.g., eyeglasses, medical exams, deductibles and co-pays), adult and child day care expenses, and other insurance coverages such as dental and vision with pre-tax dollars. Click here for a list of covered medical expenses and covered adult and child day care expenses..

In addition to a Cafeteria Plan, Health Reimbursement Arrangement (HRA) is another funding vehicle for the purchase of health care insurance and health care services. For more information about HRAs, download this PowerPoint presentation.

FlexWise™, a Boulder-based third party administration company, is prepared to assist your company in all aspects of plan design, implementation, and execution, including:

• Designing your plan.
• Introducing the plan to your employees.
• Providing your employees with information that answers the questions most commonly asked. Click here for FAQ’s.
• Holding an individual meeting with each employee to determine the maximum benefit to that employee.
• Providing your company with all of the required forms. Click here for forms.

If you would like more information on Cafeteria Plans, contact Doreen Fitzgerald at 303-442-1000 ext. 113 or 800-887-0054.