Today, finding adequate healthcare coverage at an affordable price is an increasingly difficult challenge for businesses. In order to balance the quality and cost of healthcare with the bottom line,
many companies are turning to plans with pre-tax options to offset employee benefit costs. Pre-tax plans such as the Premium Conversion Plan, Medical Reimbursement Accounts and Dependent Care
Reimbursement Accounts can stretch the money earned by employees for insurance premiums (such as medical, dental and life insurance); medical expenses (such as co-pays and prescriptions); and
dependent care work-related expenses (such as daycare).
Combined Services offers these programs on a pre-tax basis known as Flexible Benefits Plans which can be adopted separately or in any combination by an employer. Although some of the plans can
be complex to implement, they have low set-up and ongoing costs once in place. Overall, the plans can effectively reduce employee benefits costs.
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