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A cafeteria plan or cafeteria system is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. [1] Its name comes from the earliest such plans that allowed employees to choose between different types of benefits, similar to the ability of a customer to choose among available items in a ...
v. t. e. In the United States, a flexible spending account ( FSA ), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts, resulting in payroll tax savings. [1] One significant disadvantage to using an FSA is that funds not used by the end of the plan year are forfeited to the employer, known as ...
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The Richard B. Russell National School Lunch Act (79 P.L. 396, 60 Stat. 230) is a 1946 United States federal law that created the National School Lunch Program ( NSLP) to provide low-cost or free school lunch meals to qualified students through subsidies to schools. [1]
A health insurance deductible is a specified amount or capped limit you must pay first before your insurance will begin paying your medical costs. For example, if you have a $1000 deductible, you ...
Health benefits provided by employers are also tax-favored: Employee contributions can be made on a pre-tax basis if the employer offers the benefits through a section 125 cafeteria plan. Workers who receive employer-sponsored health insurance tend to be paid less in cash wages than they would be without the benefit, because of the cost of ...
The “freshman 15” is a term used to describe the weight some students may gain during their first year in college. Although it may not be exactly 15 pounds (7 kg), studies suggest many first ...
Section 125 excludes cafeteria plans, including health flexible savings account plans. Section 127 excludes qualifying educational assistance plans. Section 129 excludes a qualifying dependent care assistance program, such as a dependent care flexible spending account plan. Section 137 excludes a qualifying adoption assistance programs.
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