Overview

BASE® 125 Cafeteria Plan allows employers to customize benefits and save money. Employers that sponsor a BASE® 125 Cafeteria Plan can allow employees who are paying medical expenses, insurance premiums or dependent care expenses to do so on a pre-tax basis. The BASE® 125 Cafeteria Plan will help provide access to quality benefits, while providing a variety of affordable benefit options that stand alone or compliment any health insurance plan in place. Due to the flexibility of this benefit, participants can choose one or all four of the following pre-tax options to offer employees:

  • Flexible Spending Account (FSA)
  • Limited Purpose FSA
  • Dependent Care Assistance Plan (DCAP)
  • Premium Only Plan (POP)

Flexible Spending Account (FSA)

Pre-Tax Medical Expenses BASE® Flexible Spending Account
Flexible Spending Account (FSA) is established by an employer to allow employees to set aside money from each paycheck on a pre-tax basis. The money that is withheld during the year can be reimbursed on a tax-free basis to pay for qualifying medical expenses.
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Limited Purpose FSA

Pre-Tax Dental & Vision Care Expenses BASE® Limited Purpose FSA
Limited Purpose FSA is a form of flexible spending account that is strictly for reimbursing eligible dental and vision care expenses. This type of plan is for employees who are enrolled in a high deductible health plan, and are enrolled in a Health Savings Account (HSA). When enrolled in a Limited Purpose FSA, employees save tax dollars, and are also open to utilizing HSA funds for savings and investment opportunities.
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Dependent Care Assistance Plan (DCAP)

Pre-tax Dependent/Elder Care. BASE® Dependent Care Assistance Plan
Dependent Care Assistance Plan (DCAP), also known as a Dependent Care FSA, is an account established by an employer to allow employees to set aside money from each paycheck on a pre-tax basis to pay for qualifying dependent care expenses such as: daycare, preschool, before & after school care, and elder care.
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Premium Only Plan (POP)

Pre-Tax Health Insurance Premiums. BASE® Premium Only Plan
Premium Only Plan (POP) allows for employees to pay for a variety of employer-sponsored benefits, such as health, dental, and vision with pre-tax dollars, ultimately reducing taxable compensation.
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