Cafeteria Plan

A Cafeteria Plan, also known as a Flexible Benefit Plan, is a pre-tax employee benefit program allowing workers to choose from various options such as health insurance, dental, vision, and other benefits. Instead of a one-size-fits-all package, employees can tailor their benefits to match their needs, and the costs are deducted from their paycheck before taxes are applied. This setup can save employees money on taxes while providing more personalized benefits. Employers benefit by offering attractive benefits without excessive costs. Overall, it provides flexibility, tax savings, and enhanced employee satisfaction.