A Section 125 plan is the only means by which an employer can offer employees a choice between taxable and nontaxable benefits without the choice causing the benefits to become taxable. A plan offering only a choice between taxable benefits is not a Section 125 plan. In other words, in order for your employees to be able to pay for benefits using pre-tax dollars, you must have this plan in place.
Through your membership with PVMA, we are extending a limited time offer on these important documents:
- For PVMA members that have all of their lines of business with pvmaAssure/FocusHRO – the Section 125 is at no cost to you.
- For PVMA members that have their lines of coverage elsewhere, you can get a Section 125 document for $100, or move your lines of coverage to pvmaAssure/FocusHRO and the fee will be waived.
- For non-members, the best way to take advantage of this special offer is to Become a Practice Member HERE and then contact pvmaAssure/FocusHRO.
** It is important to note, our Section 125 documents are good for 5 years, or when you make changes to the benefits you offer. For PVMA members taking advantage of this offer, we will lock in your fee for the renewals/changes – and for those of you that have all of your benefits through pvmaAssure/FocusHRO, we will continue to waive the costs.
To take the next steps to becoming compliant with your Section 125 documents, please submit your request and check off “HR Outsourcing/Compliance.”