Flexible benefit plans allow employees to choose the benefits they need from several alternatives these plans may include health insurance, 401(k) contributions and flexible spending accounts. Definition of flexible benefit plan: a benefits plan that allows employees to select from a pool of choices, some or all of which may be tax-advantaged. On september 12th, 2017, the employees benefits department announced rates that will be available to oklahoma's state employees and their families in 2018. Mountaineer flexible benefits provides optional insurance coverage, including dental benefits, optical benefits, flexible spending accounts, disability insurance and more. Accessing your account online just got easier with our online participant log-in you are able to review online resources and perform self-service actions on your account with just a few simple steps.
This scheme, also known as cafeteria benefits, allows your staff to choose their own benefits from a set range of benefits offered with a flexible benefits budget they can buy the benefits they want. When quaker oats decided to add flexibility to its benefits plan, the hr department addressed its workers' needs by using an employee team to plan the changes. The flexible benefits program administers all employee paid flexible benefits including dental, vision, life insurance, short and long term disability, specified illness, long term care legal services and flexible spending accounts. Myflexonline registered participants user name password password reset and user name retrieval new user click here to establish your username and password to manage your account periodic password changes are recommended to improve account security. Employers can offer flexible benefits plan as an option in a cafeteria plan or as a stand alone benefit.
2018 flexible benefits systems, inc about us plan participants plan sponsors investment advisors interactive demos news/resources contact us privacy statement 2018 flexible benefits systems, inc. The annual enrollment period for 2018 benefits is october 16 - november 3, 2017 click here for all flexible benefits and state health plan benefit information. Flexible & online benefits are a great way to engage your staff by allowing them to choose benefits that mean most to them choose from a range of options. 1 an introduction to flexible benefit schemes an increasing number of organisations are offering flexible benefit schemes to their employees as part of their reward strategy. Flexible benefits plans: what is it a flex plan functions much like a personal expense account you set aside money from each pay check pre-tax to pay for eligible expenses.
Your single-source provider for flexible benefit plan design and administration saving you money on health care costs. View our video about flexible benefits plan changes that became effective january 1, 2018 select from the list below for more information about lehigh's health care benefits. Flexible benefit plans (also called cafeteria plans) offer employees multiple choices of benefits that are paid for by salary contributions on a pretax basis these plans give employees a choice of which benefits they would prefer to take, and they also give employees the choice to forgo the. Employee benefits in the united states include relocation assistance medical, prescription, vision and dental plans health and dependent care flexible spending accounts.
The mtsu flexible benefits plan is administered by payflex this plan allows eligible employees to pay for certain expenses from their salary before taxes are deducted. Flexible benefit plans allow employees to choose the benefits they want or need from a package of programs offered by an employer.
Flexible benefits resources you are eligible to participate in the flexible benefits program if. Health care reimbursement account the health care reimbursement account (hcra) lets you set aside part of your paycheck on a pre-tax basis that you can then use to pay certain health care expenses for you, your spouse and dependents incur throughout the year these expenses may include. Our consultants take a collaborative approach with our clients, focusing on their unique issues, such as their goals, culture, strategy, and financial realities. The federally regulated cafeteria plan lets you contribute some of your salary to an account established to pay for qualified expenses the deduction occurs before the income is taxed, reducing your tax liability a flexible spending arrangement -- or flexible benefits plan -- is a type of.
Flexible spending accounts health and dependent care flexible spending accounts benefits health coverage flexible spending leave other benefits compensation pay and holidays payline salary structure employeedirect tal health benefits online.