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Section 125 Premium Only Plan

Written by: PeopleKeep Team
November 9, 2012 at 4:46 PM

Program that allows employees to pay for their portions of the premiums for employer sponsored health insurance on a pretax basis, which lowers taxable income and tax liability. Also referred to as a cafeteria plan

Topics: Section 125, Health Reimbursement Arrangement, Glossary, Premium Reimbursement Account, Premium Reimbursement Arrangement