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Flex Employee Enrollment Form 2

Flex Employee Enrollment Form 2

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welcome to our presentation on cafeteria plant administration many times the cafeteria plan is also called flexible spending fsa medical reimbursement or daycare reimbursement in any case your cafeteria plan is one way to save money on certain expenses that you already have or will have in the near future saving money on certain expenses are what makes your cafeteria plan worth considering for example if you look at our first graphic of a person who earns about 3 500 per month in wages is taxed on those wages then pays out-of-pocket for medical prescription and day care expenses the take-home pay is about sixteen hundred dollars per month now if we take the same wages but elect to have the same medical prescription and daycare expenses reimburses the cafeteria plan those elected amounts are not taxed which creates a savings about 30 cents on every dollar and increases the take-home pay of the same person by 238 dollars per month or almost three thousand dollars per year the biggest ite

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