Section 125 Plans and ACA

[ILLMAS]

Has anyone here know about section 125 plans combined with non-employer sponsored premium/non-expected FSA accounts work?  It appears this plan allows employers to reimburse (pre-tax) employees who bought private insurance for their premiums.  Here are some example of third party companies that offer this plan:

 

http://www.paychex.com/insurance/section-125.aspx

 

https://www.tasconline.com/biz-resource-center/plans/section-125-cafeteria-plan/

 

http://tasccapitalconnection.com/2014/07/30/tascs-response-to-2013-54-compliance-bulletin-10-2/

 

Your thoughts?

 

MAS

[Jack from Ohio]

Has anyone here know about section 125 plans combined with non-employer sponsored premium/non-expected FSA accounts work?  It appears this plan allows employers to reimburse (pre-tax) employees who bought private insurance for their premiums.  Here are some example of third party companies that offer this plan:

 

http://www.paychex.com/insurance/section-125.aspx

 

https://www.tasconline.com/biz-resource-center/plans/section-125-cafeteria-plan/

 

http://tasccapitalconnection.com/2014/07/30/tascs-response-to-2013-54-compliance-bulletin-10-2/

 

Your thoughts?

 

MAS

Tassc is a Section 105 plan.  125 plans are not allowed to reimburse employees when they purchase their own insurance.  NOT ALLOWED!  125 plans can only be used in conjunction with an employer provided medical plan.  This is very clear in the newly released regs.

 

Tell the employers to stop looking for ways to reimburse employees for insurance pretax.  It is simply and totally not allowed.  Tell them that the ACE is responsible for these rules and the current administration and all the elected democrats are responsible for ACA. 

 

I am using this as a springboard to talk to those people that chose not to vote....  "If you did not vote against him/them, you voted for him/them.  Not voting casts a vote for the winner.