cafeteria benefits plan

cafeteria benefits plan

(1) A type of plan in which employees tailor their benefits—e.g., health insurance, disability insurance, retirement/pension scheme, death benefits—to meet specific needs.
(2) An indirect compensation plan where a person chooses the benefits that he or she may recieve up to a particular monetary limit, over and above a common core-benefits package.
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The FSA is the first step in the implementation of a full cafeteria benefits plan.
Pregnancy/maternity leaves 27 93 Health insurance - dependent coverage 25 86 Flex time 7 24 Cafeteria benefits plan 4 17 Job placement assistance for spouses 3 10
Although 25 of the 29 firms (86 percent) provided health insurance, including dependent coverage, only four (17 percent) had instituted a cafeteria benefits plan.
Among other provisions, the bill would amend the Internal Revenue Code to allow above-the-line deductions for premium costs, let employers include LTC insurance in cafeteria benefits plans, provide a tax credit to low income enrollees and give tax credits to employers for costs of administering the system.