What Is a Section 125 Plan Document and Why It Matters
If you’re offering employee health benefits, chances are you’ve heard about a Section 125 plan, often called a benefits cafeteria plan. But what really holds this program together is something most employers overlook: the Section 125 plan document. At Harmoni Care, we believe understanding this document is key to unlocking the full value of our […]
Save More on Healthcare with a Cafeteria Health Plan
When it comes to healthcare, most business owners face a difficult trade-off: offer better benefits or cut costs. But with the right cafeteria health plan you don’t have to choose. Harmoni125 by Harmoni Care goes beyond traditional health coverage, leveraging pre-tax health benefits through Section 125 while adding even more savings and support through our […]
Section 125 Cafeteria Plan: What It Is & How It Works
Healthcare benefits can get complicated, expensive, and hard to manage. That’s why more employers are turning to a smarter, more streamlined solution: the Section 125 cafeteria plan, and more specifically, Harmoni125 by Harmoni Care. This isn’t your typical benefits plan. Harmoni125 is a fully managed, compliance-ready program that leverages Section 125 along with two additional […]
125 Flexible Benefits Plan: A Smart Move for Employee Wellness
Employee well-being isn’t just a perk, it’s a business imperative. Yet many companies struggle to offer strong benefits without draining their budget. That’s where the 125 flexible benefits plan from Harmoni Care, called Harmoni125, makes all the difference. It’s not just a benefits option. It’s a fully managed, tax-smart solution designed to improve retention, reduce […]
What is a Health Plan Section 125? A Deep Dive into Cafeteria Plan
Offering competitive health benefits is a key for employers to enhance employee satisfaction and retain talented and hardworking employees in the long run. A health plan section 125 offers numerous pre-tax benefits and covers medical claims as well. However, with the increasing complexities and situations, employees are looking for something much better than a traditional […]
Section 125 Benefit Plan: What Shows on Your W2
It is crucial to recognize how a Section 125 cafeteria plan contributes to your W-2 for proper tax filing and financial planning. These pre-tax deductions impact the company’s reported wages, reduce the taxable income, and at the same time meet all IRS requirements. Many employers are surprised when their W-2 wage doesn’t match the gross […]
Affordable Health Care Benefits for Employees with Section 125 Plans
With the changing and developing healthcare environment, offering an affordable and comprehensive healthcare benefit plan to employees remains a significant challenge. Most employers offer a pre-tax Section 125 plan, which enables employees to utilize pre-tax health benefits, such as medical care and insurance. However, this plan is not flexible and does not include other benefits, […]
How Section 125 Plans Offer Pre-Tax Health Benefits for Employees
Section 125 is a comprehensive plan that allows employees to avail themselves of certain pre-tax benefits like dependent care assistance and pre-tax insurance premiums. With this plan, employee can not only save a sufficient amount of tax but also avail medical benefits extended to their family. But, in a dynamic working environment, are these limited […]
Why Section 125 Plans Are a Must-Have in Employee Benefit Packages?
In today’s ultra-competitive job market, simply offering health insurance isn’t enough. Employees want more. Employers want to save more. That’s where section 125 plans, specifically, innovative programs like Harmoni125, come in. Unlike traditional pre-tax plans, Harmoni125 integrates Section 125 with a Preventative Care Management Plan (PCMP) and Self Insured Medical Reimbursement Plan (SIMRP) to create […]
How does a Section 125 health plan provide pre-tax benefits?
Navigating employee benefits can feel overwhelming, but one solution stands out for both cost savings and improved care, Section 125 health plan. These plans let employees pay for certain health benefits using pre-tax dollars, lowering their taxable income and increasing take-home pay. But when paired with the Harmoni125 plan, the impact goes even further. It’s […]