Human Resources | Benefits

The Cafeteria Plan

The Cafeteria Plan is a tax savings plan where certain benefits are pre-taxed which includes insurance premiums, health care and dependent care expenses.  By pre-taxing insurance premiums and other eligible expenses, you will reduce your taxable income and take home more money.  This is an optional benefit which has an administrative cost of $1.50 per pay period.
 
The Cafeteria Plan is currently administered by Administrative Services Corp. (ASC).  You may contact them at (671) 477-2724, Facsimile number:  (671) 477-2729

What expenses qualify under the cafeteria plan?

Premium Expense Account:

1)  Insurance Premiums

a.  Health Insurance

b.  Dental Insurance

c.   Group Term Life Insurance (up to $50,000 of coverage)

Reimbursement Accounts:

2)  Health Care Expenses (i.e. out of pocket expense) such as:

• Deductibles
• Co-payments
• Prescriptions
• Eyeglasses
• Over-the-counter Medications

3)  Dependent Care Expenses

a.  Child Care (Day Care [Nursery];  After School Programs (DEED)
- Under 13 years of age

b.  Adult Care