Flexible Spending, Section 125 Plan
About Flexible Benefit Plans
Flexible Benefit Plans also known as Cafeteria Plans or Section 125 Plans allow eligible employees to pay for certain health care and dependent care expenses with tax-free dollars. This helps you save money on taxes for insurance premiums, out-of-pocket health care (including over-the-counter medicine), and/or related child or dependent care expenses. Any dollar you defer into the Flexible Spending Plan is withheld before any taxes are deducted. Federal, State, local taxes, including Social Security and Medicare taxes are potentially saved on every dollar you contribute to the plan.
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What is a cafeteria plan?
Tax Savings Calculator
www.eflexgroup.com is administering our Flexible Benefit Plan
We have selected www.eflexgroup.com to administer our Willamette University Flexible Benefit Plan. To learn more about eflexgroup.com, click Who is www.eflexgroup.com?
When Can I Enroll in the Flexible Benefit Plan? All full-time Willamette University employees may enroll during your initial eligibility period with Willamette University or during our Open Enrollment period which is typically the first half of March.
You may enroll outside of the Open Enrollment period if you have experienced a Life Event (as defined by the IRS Code) such as marriage, birth or adoption, death of a child or spouse, divorce, and gain/loss of spouses employment.
Who do I contact if I have questions about Flexible Benefit Plans?