Learn how a Section 125 Plan can help you save on healthcare costs

Healthcare costs can be a significant burden, but there are ways to alleviate this financial stress. Section 125 Plan, offered by The Policy Shop, helps employees save money by allowing them to pay for medical expenses and insurance premiums with pre-tax dollars.

Key Benefit: Tax Savings on Healthcare 💡

The Section 125 Plan allows you to pay for eligible medical expenses and premiums with pre-tax income, reducing your taxable income and ultimately saving you money.

• Pre-Tax Deductions: By contributing to a Section 125 plan, your medical expenses and insurance premiums are deducted from your paycheck before taxes, lowering your taxable income and reducing your overall tax bill.

• Affordable Healthcare Coverage: The Section 125 plan allows for more affordable health insurance premiums, making healthcare more accessible for employees and their families.

• Increased Take-Home Pay: With lower taxes, you can keep more of your earnings, freeing up funds for other essential needs.

• Health Savings Accounts (HSAs) & FSAs: Section 125 plans can include Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), allowing employees to set aside money for healthcare expenses.

Bottom Line:

The Section 125 Plan is an excellent way to reduce healthcare costs by using pre-tax dollars to pay for medical expenses and insurance premiums, making healthcare more affordable and saving you money.