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... which permits an employer to enable employees to pay for certain insurance premiums before taxes, instead of after taxes. The code restricts eligible benefits under these plans to Group Medical and Term insurance; Group Disability insurance; Group Dental insurance; and individual disability, accident, hospitalization, dental/vision, or cancer plans. Interest-sensitive Life insurance plans cannot be sold under the provisions of these plans. Like traditional payroll deduction plans, Section 125 plans are often sold as an addition to the insured's in-place, employer paid Group plan. The ... to do for each case and when, and to follow along and monitor the cases as closely as you can. SECTION 125 PLANS Section 125 plans merit separate discussion because of their uniqueness. They have advantages and disadvantages that are distinct from regular payroll deduction Life or Health insurance plans. In fact, these plans are not payroll deduction plans in the real sense; they are payroll reduction plans. The plans, which are also known variously as cafeteria plans or flexible benefit accounts, are formed under Section 125 of the Internal Revenue ... above example toward a specific insurance premium, the employee could direct that money, pre-tax, into an account designated to pay for child care, or for unreimbursed medical expenses. For example, the employee may at present be paying $100 a month to a day-care center or babysitter. If he or she puts that money into a pretax situation, the same savings as apply in the illustration above would apply here. The drawback to this particular approach to paying child care expenses would be that the employee loses the Dependent Care Tax ...

... Life to Disability Income products and 401 (k) plans. An agent can sell just ...e submitted. This saves the agent work and cuts down on the probability of errors. 0 && menu.element.children()[0].hasChildNodes() && isOpen){ e.currentTarget.value = menu.element.children()[0].lastChild.innerHTML; } } }); // Each rendered element of target dropdown list // has category integer set as "value" attribute. // Selected item has "selected" attribute set to value "selected". // Example: Articles function getSelectedCategory() { return $('#' + 'ctl00_ctl00_ctl01_ctl00_cp_cp_cp_cp_ctlSearchBox_ddlCategories').find("option[selected='selected']").val(); } }