A term used to refer to flexible benefit plans. The reference derives from the section of the IRS code, which defines such plans and stipulates that employee contributions to such plans may be made with pre-tax dollars.
a benefits plan that, when established to meet the IRC Section 125 requirements, allows employees to freely choose from a "compensation menu" that includes both taxable and nontaxable items without rendering the nontaxable items subject to income tax
A plan that provides flexible benefits that qualifies under the IRS code to allow employee contributions with pre-tax dollars.
This reference comes from the section of Internal Revenue Service code which defines certain plans and states that employee contributions may be made with pre-tax dollars to an account that can be used to reimburse qualified expenses defined in the IRS code. Health care spending accounts reimburse such expenses as deductible and copay amounts, over-the-counter drugs and health care expenses not covered by a health plan. Dependent care spending accounts are used to reimburse qualified dependent care expenses.
A term referring to flexible benefit plans. The reference derives from the section of the IRS code that defines such plans and stipulates that employee contributions to such plans may be made with pre-tax dollars. Such plans commonly are used to permit employees’ share of premiums to be paid with pre-tax dollars. See also flexible spending account.
A plan which provides flexible benefits. This plan qualifies under the IRS code which allows employee contributions to meet with pre-tax dollars. (See Flexible Spending Accounts above.)