Group
and Individual Insurance Plans
Medical, Dental,
Vision, Life and Disability plans are available through strategic
alliances with major insurance carriers. Plans are available on
a group and individual basis. Our Professional Benefit Specialists
will work directly with you to help you identify your unique needs
and then provide you a competitive proposal from leading carriers.
Section
125 Plans
The IRS provided
a tax savings opportunity through section 125 of the IRS Code.
We provide two popular components of Section 125 for employers
of small to large companies across the country.
Premium
Only Plans ("POP")
A POP plan allows
the employee contribution of qualified insurance premiums to be
deducted from the employee's gross wages before taxes are calculated.
The most common types of premiums are Medical, Dental and Vision.
By paying the employee contribution with pre-tax dollars, the
employee's tax base is lowered reducing federal, social security,
and state income taxes in most jurisdictions. This puts more money
in your employees pockets and reduces your employer liability.
Flexible
Spending Accounts (FSA)
Employees can
elect to have deductions from their paycheck on a pre-tax basis
deposited into a Health Care FSA and/or a Dependent Care FSA.
Similar to the POP plan, these deductions reduce the employee's
taxable income base resulting in lower taxes for you and your
employees, and in most cases more spendable income for your employees.
Participation in FSA allows the employee to be reimbursed for
out-of-pocket health expenses with pre-tax dollars and/or pay
for qualified dependant care expenses with pre-tax dollars.
Our
Services Include
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Onsite
Enrollment Meetings |
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Benefit
Communication Statements |
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Voluntary
Benefits Menu |
Retirement
Plans
Our Benefit
Specialists can help you identify the right type of retirement
plan for your business and your employees.
If you are considering
a Retirement Plan, our Payroll Integrated Plan revolutionizes
the way retirement plans operate today. CBIS can save you time
and money. Offering a retirement plan was never easier!
Why
choose a CBIS 401(k)?