myBenefitStatements - YOUR Employee Statements Specialist


myCafeteriaPlan - YOUR Employee Pre-Tax Benefits

Properly Designed Employee Benefit Programs will Elevate Employee Morale and Improve Retention.


If given a choice between a pay increase or more benefits, 56% of employees opted for the benefits - according to Aon Consulting's Retirement Outlook 2000 survey.

Allow our expertise and experience in group health insurance, life, disability, employee benefit statements, pre-tax section 125 cafeteria plans (FSA), healthcare reimbursement arrangements (HRA), and retirements plan work for you!

  • Benefits Designed for the Needs of your Individual Company Include:

  • Group Plans (Employer Sponsored)

  • Voluntary Group Plans (Employee Paid) - Provide employees with control and flexibility in selecting benefits to meet their needs.

  • Section 125 Cafeteria Plans - This powerful pre-tax benefit allows you to give your employees a raise and your company a tax break!

    Cafeteria Plan Administration that's hassle-free!We've launched www.myCafeteriaPlan.com to make this service user-friendly. Click on the logo to visit our myCafeteriaPlan.com web site. You receive hassle-free administration (saving time and eliminating hassles) and your employees receive access to our 24-hour online resource center and 24-hour access to their account information via our web site or any touch-tone phone.

    Partner with us today for hassle-free plan documentation and setup that includes a Plan Document, Summary Plan Description (SPD), Corporate Resolution, customized forms, discrimination testing, legal review, and Attorney Opinion Letter.

    You receive: 24-hour Internet employer reporting access, 24-hour Internet employee account access, flex debit card convenience, powerful employee education, direct deposit, downloadable forms, fillable forms, and more...

    Contact us today to find out more about flex card convenience.

  • Healthcare Reimbursement Arrangement (HRA) Plans - Employer funded accounts for individual employees. A Healthcare Reimbursement Arrangement (HRA) can be coupled with high deductible health coverage (HDHC) or it can be offered on a stand-alone basis where an employee is not required to participate in the HDHC in order to be eligible to participate in the HRA.

    Generally, employers are using the HRA in moving group insurance premiums to a higher deductible plan, which will provide the employer with a premium savings, which the employer can then in turn provide monies back to participants to help off set the now larger deductible.

    A Healthcare Reimbursement Arrangement (HRA) is entirely employer funded and can be funded on a period basis such as weekly, monthly, pay period, or up front annual basis. The HRA can also include a rollover provision, if you allow, at the end of the plan year. You may restrict or allow all IRS eligible expenses to qualify under your HRA plan based on your unique plan design.

    A central principle is the creation of employer-funded accounts for individual employees, under which unused amounts are NOT forfeited at the end of each plan year, but rather are carried over for use in future years. This is in contrast to the Section 125 Flexible Spending Accounts (FSA). Note, however, in the FSA plans that participants should only be running through known expenses, therefore eliminating the worry of the "use-it-or-lose-it" rule.

  • Retirement Plans

    According to the Bureau of Labor Statistics, 80% of full-time employees participated in one or more employer-sponsored retirement plans in 1997. This statistic alone is proof that retirement plans are becoming a standard in employee benefits. This is another way for you to help your employees prepare for their future while they work hard for yours.

    Let us know if you would like us to talk to you about your company's retirement plans

  • Employee Benefit Statements are an eye-opening experience for your employees. They'll appreciate knowing what their benefits are really worth!

    Benefit statements are a low cost method to improve employee relations, increase employee morale, increase employee loyalty, reduce turnover, increase productivity, and lower your operating costs. What are you waiting for? You have nothing to lose and so much to gain! Contact BusinessPlans right now to discuss how full-color employee benefit statements will work for you.