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