Section 125 Plan – Pay Health & Dental Premium with Pre-Tax Dollars
26 U.S.C. § 125 : US Code – Section 125: Cafeteria Plan
With a Section 125 Election you can pay your healthcare and dental premiums with pre-tax dollars. Depending on your selected plan premiums and your tax bracket this can add up to significant tax. Please see the Section 125 Plan Savings Calculator below to estimate your savings by electing this option..
Return Instructions
It is highly recommened that you take advatage of the savings afforded by this option. We’ll try to remind you if you have elected either health care or dental benefits and you have NOT completed this election. If you decide not to, that’s OK too, but most folks like the savings! The election form along with all other forms should be completed using DocuSign; request any needed enrollment form from Human Resources via email at hr@itechsolutions.com.
