Looking for a way to save? Let Aflac help make tax savings easy for you and give your employees the savings they deserve through Aflac's Cafeteria Plans. Aflac, a leading provider of Cafeteria Plans, helps companies administer Premium-Only Plans and Flexible Spending Accounts.
Increase Value without Increasing Cost
With Aflac's Cafeteria Plans, you reduce your employees' taxable incomes, thereby reducing your share of FICA and FUTA taxes This means a significant savings for you and your employees.
The administration of flexible spending accounts doesn't have to be complicated. Aflac can partner with you to implement and assist with administration of the plan at little or no cost.
Helping Employees Save Money is Simple:
- Employees sign up for the plan and estimate the amount of anticipated out-of-pocket medical expenses for the year.
- Then, they have the corresponding amount equally deducted from each paycheck
- As employees incur medical or dependant care services, they submit paper-work (or use their Aflac Now Card, if eligible) and get reimbursed with their own tax-free dollars!
Increase Savings with Flexible Spending Accounts
Flexible Spending Accounts (FSAs) allow your company to provide additional pre-tax benefit options and further reduces your payroll tax liability.
Two types of FSAs are available:
Unreimbursed Medical (URM)
Boost your benefits package by allowing your employees to use pre-tax dollars to pay for eligible medical expenses not covered by other insurance.
Dependent Day Care (DDC)
Your company may provide an additional benefit to employees, who have eligible children and/or other dependents, to pay for daycare that allows them to work. Each employee may redirect up to $5,000 annually to help with eligible daycare expenses.