Core Documents announces they've added a four minute MP3 audio file at www.Core125.com explaining how Section 125 Premium Only Plans eliminate income tax on employee paid insurance premium. Learn how employers and employees can reduce income tax liability.
Bradenton, FL (PRWEB) December 2, 2007 -- Core Documents, the nations leading provider of affordable employer solutions for establishing and administering Section 125 Cafeteria Plans, HSA Plans and HRA Plans announced today a more convenient way to learn how a Section 125 plan can eliminate income tax on employee insurance premium.
Now when you go to www.Core125.com you'll have the opportunity to click a convenient "Play" button in the Title area and hear a succinct professional presentation of the information on that page.
With the cost of health insurance doubling in cost every 5 years it's more important than ever to utilize IRS Code Section 125 tax deductions.
Section 125 Plans have been used by large corporations for decades to help employees eliminate income tax on their share of the cost for qualifying insurance premium. Both the employee and the employer save taxes when a Section 125 plan is installed.
Many employers are not aware that a Section 125 plan can be established by very small employers all the way down to just one employee. A Plan can also be established, under certain circumstances, to reimburse an employee for the cost of individual health insurance. Individual health insurance can cost up to 50% less than group insurance coverage.
Care should be taken when a Plan is designed to reimburse two or more individual health insurance plans through a Section 125 Plan as COBRA, ERISA and HIPAA rules may apply.
Speak to a professional at Core Documents about how a Section 125 Premium Only Plan might help you save tax dollars and make employee insurance more affordable. Call 1-888-755-3373 or on the Internet at www.CoreDocuments.com.
Source: PRWeb: Legal / Law
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