cafeteria plan

(redirected from Cafeteria Benefit Plans)
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ca·fe·ter·i·a plan

(kafe-tē'ri-a plan)
Employee benefit plan that allows a choice between alternative nontaxable benefits.

cafeteria plan,

n an employee benefits plan in which employees select their medical insurance coverage and other nontaxable fringe benefits from a list of options provided by the employer.
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It would also allow employers to offer group long-term care insurance in cafeteria benefit plans, so workers could use pre-tax earnings to purchase the coverage.
The survey reveals that only 19 percent of employers support caregivers "a great deal," despite an environment in which 95 percent of the professional women surveyed want their employers to offer defined eldercare benefits as part of their cafeteria benefit plans.