Cafeteia Plans

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 Section 125 cafeteria plans. Aflac, one of the leading providers of cafeteria plans, helps companies administer premium-only plans and flexible spending accounts.

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 work with you to implement and assist with administration of the flexible spending account plan at little or no cost.

1. Employees sign up for the flexible spending account plan and estimate the amount of anticipated out-of-pocket medical expenses for the year.
2. Then, they have the corresponding amount deducted in equal installments from each paycheck.
3. As employees incur medical or dependent care services, they submit paperwork (or use their Aflac Now Card®, if eligible) and get reimbursed with their own tax-free dollars.

Not only do you enhance your benefits package by making Aflac insurance policies available to your employees on a pre-tax basis, but you actually save money too. Extend your offering and savings with unreimbursed medical and dependent day care FSAs.

Convenience and ease of use are essential to attaining high utilization rates with your flexible spending account plan. The Aflac Now Card is a fast and easy way for participating employees to access URM funds at the point of purchase. It looks and works like a credit card, eliminating the need for your employees to use out-or-pocket dollars to pay for eligible medical, dental, and prescription expenses. Your company benefits by reducing the administrative costs associated with managing a paper process and your employees benefit by accessing their URM funds directly. There is no need to wait for claims to be processed and funds to be reimbursed.

To learn more about how we can help you save more money with our flexible spending account plan (FSA), call us at 1-800-99-AFLAC.