Section 125 Plans
Front Range Life & Health, Inc. sells Section 125 Plans through FlexSystem™, a division of Total Administrative Services Corporation.
A FlexSystem Section 125 Cafeteria Plan provides a way for employees to select certain benefits normally paid on an after-tax basis and, through salary reduction, pay for these benefits on a pre-tax basis. The most common benefits include health insurance premiums, out-of-pocket medical expenses, and dependent care expenses. Section 125 will benefit employers with reduced payroll costs and an enhanced ability to recruit and retain quality employees. Meanwhile, employees enjoy the increase in take-home pay and the option to choose from benefits that address their individual needs. FlexSystem’s third-party administrative service offers daily processing and direct deposit of requests for reimbursements, complete on-line management of the Plan, and toll-free enrollment assistance. For more information click here: www.tasconline.com.